After Transfer Price Payment Term. If Licensee desires that Verrica continue to manufacture and supply, or have manufactured and supplied, Product to Licensee for commercial distribution in the Field in the Territory after the Transfer Price Payment Term, then # Verrica shall sell and supply, or cause to be supplied, to Licensee, and Licensee shall purchase from Verrica, all of Licensee’s, its Affiliates’ and its and their Sublicensees’ requirements of Product for commercial distribution in the Field in the Territory and # the Parties shall negotiate in good faith for a written commercial supply agreement with respect to such manufacture and supply. If Licensee does not elect to have Verrica continue to supply Product pursuant to this [Section 7.3], Verrica shall manufacture and supply, or have manufactured and have supplied, Proprietary Applicator/Breaking Tool Components to Licensee for further use in Licensee’s practice of the Manufacturing License after the Transfer Price Payment Term, in accordance with Applicable Law and a written commercial supply agreement to be negotiated in good faith.

Transfer Price. On a product-by-product basis, for # ​, the transfer price shall be, an amount equal to forty percent (40%) of Net Sales in the applicable period (the “Transfer Price”) and # from ​ and thereafter, the Transfer Price shall be an amount equal to forty-five percent (45%) of Net Sales in the applicable period. Without limiting the foregoing, the effective applicable per Unit Transfer Price shall be the quotient obtained by dividing the Transfer Price (the Euro amount being converted, for purposes of the comparison and calculation, to USD in accordance with Section 8.5) by the total number of Units used to calculate the Net Sales applicable to such Transfer Price (the “Effective Per Unit Transfer Price”).

Estimated Transfer Price. No later than ​ following filing of an MAA for a particular Product in the Field in the Territory and for each subsequent Calendar Year before the end of the Transfer Price Payment Term, Licensee shall calculate and report to Verrica the estimated average per unit Net Sales for such Product in the Territory for such Calendar Year based on the expected Net Sales of the Product in the Territory (the “ENS”). Licensee shall calculate the ENS based on the average Net Sales of the Product in the Territory during the first ​ of the immediately prior Calendar Year (or Licensee’s good faith estimate if there are no Net Sales during such first ​).

Transfer Price. IMMEDICA shall pay to the LICENSOR a transfer price for the Product equal to ​ per vial of Unlabeled Product (where such vial contains ​ of pegzilarginase) received by IMMEDICA (the “Price”). The Parties acknowledge that other vial sizes will be necessary or useful to maximize sales in the Territory, and that the Parties shall discuss and agree in good faith what other vial sizes shall be supplied to IMMEDICA. ​ From the ​ of the Effective Date onwards, the Price may, upon no less than ​ prior written notice, be increased ​ per calendar year, to equal the greater of: # ​ per vial of Unlabeled Product or # ​

Transfer Price. For the avoidance of doubt, any increase of the cost of goods due to any specification change under this [Section 7.5], whether it is initiated by Verrica or Licensee, shall not have any impact on the Transfer Price and Verrica shall be solely responsible for any increase of the cost of goods due to any such specification change.

Price. The parties amend [Section 5.2], Residue Gas Value, by deleting it and replacing it with the following:

Price. The parties amend [Section 5.4(a), NGL]L] Value, by deleting it and replacing it with the following:

Transfer Price. The transfer price for Product supplied pursuant to [Section 5.1(b)(1)] shall be ​. Without limiting the foregoing, the Parties acknowledge and agree that any activities for which [[Durect:Organization]] was paid under the MSA are not subject to further payments hereunder.

Transfer Price. During the Transfer Price Payment Term for a Product, except as otherwise set forth in Section 8.5 and subject to any applicable reduction set forth in Section 8.6, Licensee shall pay to Verrica a purchase price for Licensee’s purchase of each unit of Product (the “Transfer Price”) equal to the applicable Transfer Price Percentage set forth in the table below of the per unit Net Sales for such Product:

Price. The price for API supplied by GEMA to SAVARA in accordance with this Agreement (“Purchase Price”) shall be as specified on the pricing and milestone schedule attached hereto as [Exhibit 6.1] (the “Pricing and Milestone Schedule”). No more than once per year, GEMA shall be permitted to request a change in the Purchase Price due to increases in their costs to manufacture the API. Any such request shall include appropriate documentation showing the cost increases and their effect on the cost to manufacture the API. Upon receipt by SAVARA of such request, the parties shall negotiate in good faith regarding an adjustment to the Purchase Price. Changes to the pricing of API will be by mutual agreement of the Parties. Notwithstanding the foregoing, in no event will SAVARA be obligated to pay GEMA the Purchase Price for API supplied to SAVARA in the Validation batches, as compensation for the Validation activities shall be made pursuant to [Section 6.2].