Royalty agreement

Licensor has developed or owns certain technology relating a process, and is the owner of certain intellectual property in connection with this technology. Licensee desires to acquire, and Licensor desires to grant, on the terms and conditions set forth in this agreement, an exclusive, world-wide right for Licensee to use, manufacture, have manufactured, sell, have sold, offer for sale, distribute, import and/or export products incorporating the technology in and for any and all commercial purposes.