definiens: means all inventions, know -how, technologies, and techniques, including any Intellectual Property therein, owned or controlled by XBiotech or STBTC respectively, prior to the Eff ective Date . Existing Technology of a Party shall be and r emain the sole property of such Party . Subject to t he termination provisions of Section VIII, STBTC shall have the right to use XBiotech ’s Existing Technolo gy solely for accomplishing its Research Collaboration Agreement XBiotech USA / Sou th Texas Blood & Tissue Center 3 CONFIDENTIAL obligations in the Project, and XBiotech hereby gra nts to STBTC a limited, revocable, non - transferable, non - exclusive, non - sublicenseable, royalty - free license under XBiotech ’s Existing Technology, to perform i ts obligations under this Agreement in the United Stat es, solely for the Term hereof . Notwithstanding any thing herein to the contrary, XBiotech shall have the rig ht to use any of STBTC ’s rights in tangible biologi cal materials for the purpose of commercially developin g any Jointly Developed Technology in accordance wi th Section III.D of this Agreement