Common use of Diligence and Annual Reports Clause in Contracts

Diligence and Annual Reports. (Section 6.7) • Alnylam is required to use Commercially Reasonable Efforts to Develop and Commercialize an Alnylam Royalty Product. • Alnylam is required to deliver to Tekmira an annual report, due no later than December 31 of each Contract Year during the Agreement Term, which summarizes the major activities undertaken by Alnylam during the preceding 12 months to Develop and Commercialize its Royalty Products in the applicable field. The report will include an outline of the status of any such Royalty Products in clinical trials and the existence of any sublicenses with respect to such Royalty Products which have not been previously disclosed. Financial Obligations (Sections 7.2-7.4 and 6.1.3)

Diligence and Annual Reports. (Section 6.7) • · Alnylam is required to use Commercially Reasonable Efforts to Develop and Commercialize an Alnylam Royalty Product. • · Alnylam is required to deliver to Tekmira an annual report, due no later than December 31 of each Contract Year during the Agreement Term, which summarizes the major activities undertaken by Alnylam during the preceding 12 months to Develop and Commercialize its Royalty Products in the applicable field. The report will include an outline of the status of any such Royalty Products in clinical trials and the existence of any sublicenses with respect to such Royalty Products which have not been previously disclosed. Financial Obligations (Sections 7.2-7.4 and 6.1.3)