![]() ![]() ![]() If Diversa elects to exercise such option, the parties shall negotiate in good faith with the goal of entering into a definitive agreement within ninety (90) days after the date of Diversa's notice to Terragen. Diversa may exercise its option to negotiate the purchase of the Terragen Patent Rights by providing Terragen written notice within sixty (60) days after the date of such notice to Diversa by Terragen. Terragen will provide prompt written notice to Diversa of any Event or proposed Event. Rights Upon Dissolution, Liquidation, Winding Up of Terragen. Diversa will have a right of first option to negotiate the purchase of the Terragen Patent Rights in the event of the dissolution, liquidation or winding up of Terragen (an "Event") ( subject to Section 9.12 hereof and to applicable bankruptcy laws) within five (5) years of the Effective Date. ![]()
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