Stereotaxis
    Print Page  Close Window
S-1/A
STEREOTAXIS, INC. filed this Form S-1/A on 05/12/2004
Entire Document
 << Previous Page | Next Page >>
<PAGE>

1.12 "Affiliate" shall mean a corporation, company or other entity

         (i)      more than fifty percent (50%) of whose outstanding shares or
                  securities representing the right to vote for the election of
                  the board of directors or a similar managing authority or a
                  supervisory board are, or

         (ii)     which does not have outstanding shares or securities, as may
                  be the case in a partnership, joint venture or unincorporated
                  association, but more than fifty percent (50%) of the
                  ownership interest representing the right to make decisions
                  for such entity is

         now or hereafter, owned or controlled directly or indirectly, by
         Stereotaxis or its parent companies or Siemens, respectively, but such
         corporation, company or other entity shall be deemed to be an Affiliate
         only so long as such ownership or control exists.

1.13     "Party" shall mean either Siemens or Stereotaxis.

1.14     "Parties" shall mean both Siemens and Stereotaxis.

ARTICLE 2 - LICENSE GRANT

2.1      Subject to the terms of this Agreement and without limiting the rights
         of the parties under the Extended Collaboration Agreement, Siemens
         hereby grants to Stereotaxis for the term of this Agreement subject to
         the payment of the license fees as set forth in Article 8 a
         non-exclusive, non-transferable, worldwide license to use, copy,
         distribute to End-users and to sublicense End-users the right to use
         the Licensed Software.

2.2      Subject to the terms of this Agreement, Siemens hereby grants to
         Stereotaxis for the term of this Agreement, subject to the payment of
         the license fees as set forth in Article 8, a non-exclusive,
         non-transferable, worldwide license to use, copy, change, translate and
         distribute to End-users the Software Documentation as part of an
         End-user manual that is handed over to the End-user. There shall be no
         reference in End-user manuals as to the origin of the Software
         Documentation.


 << Previous Page | Next Page >>