Common use of Functions and Authority Clause in Contracts

Functions and Authority. The Project Leaders will be responsible for supervising and managing the Research Programs. Their functions will be: (a) Overseeing and coordinating the progress, timelines, budget and results of the Research Programs; (b) Reviewing and approving each Research Plan (including the budget therein) and any proposed amendments to the Research Plans proposed pursuant to Section 2.2.4, provided that the Research Plan (including the budget therein) for the first and second Designated Targets attached hereto as Schedule 2.2.3-1 shall be deemed approved by the Project Leaders; (c) Reviewing each Party’s reports regarding its activities under each Research Plan; (d) Deciding whether it is scientifically or technically feasible to create an ADC Directed to the applicable Designated Target in accordance with each Research Plan; (e) Deciding whether an ADC meets the applicable Performance Specifications set forth in each Research Plan; (f) Approval of and any changes to the Strategic IP Plan proposed by the JIPC. (g) Resolving any disputes delegated to the Project Leaders by the JPT or the JIPC; (h) Overseeing the activities conducted pursuant to each Supply Agreement; and (i) Such other matters as the Parties may mutually agree in writing.

Functions and Authority. The Project Leaders JPT will be responsible for supervising and managing the carrying out each Research ProgramsProgram. Their Its functions will be: (a) Overseeing Drafting the Research Plans (including the budgets therein) for each Research Program and coordinating proposing such Research Plans for approval by the Project Leaders. (b) Documenting the progress, timelines, budget and results of the Research ProgramsProgram; (bc) Reviewing and approving each Research Plan (including the budget therein) and any proposed Proposing amendments to the Research Plans Plan proposed pursuant to Section 2.2.4, provided that the Research Plan (including the budget therein) for the first and second Designated Targets attached hereto as Schedule 2.2.3-1 shall be deemed approved by the Project Leaders; (cd) Reviewing each Party’s reports regarding Reporting its activities under each Research Plan; (de) Deciding Evaluating whether it is scientifically or technically feasible to create an ADC Directed to the applicable Designated Target in accordance with each Research PlanPlan and making a recommendation to the Project Leaders; (ef) Deciding Evaluating whether an ADC meets the applicable Performance Specifications set forth in each Research Plan; (f) Approval of Plan and any changes making a recommendation to the Strategic IP Plan proposed by the JIPC.Project Leaders; (g) Resolving any disputes delegated Preparing Quarterly Reports based on reports to be provided by each Party of such Party’s activities during the Project Leaders by the JPT or the JIPCapplicable Calendar Quarter; (h) Overseeing Documenting the activities conducted pursuant to each [***] Portions of this exhibit have been redacted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Commission. Supply Agreement; (i) Determining the Estimated Pre-Payment for each Calendar Quarter during each Research Program Term (other than the first Calendar Quarter of the Term) pursuant to Section 6.2.2.1(b); and (ij) Such other matters as the Parties may mutually agree in writing.

Functions and Authority. The Project Leaders will be responsible for supervising and managing the Research Programs. Their functions will be: (a) Overseeing and coordinating the progress, timelines, budget and results of the Research Programs; (b) Reviewing and approving each Research Plan (including the budget therein) and any proposed amendments to the Research Plans proposed pursuant to Section 2.2.4, provided that the Research Plan (including the budget therein) for the first and second Designated Targets attached hereto as Schedule 2.2.3-1 shall be deemed approved by the Project Leaders; (c) Reviewing each Party’s reports regarding its activities under each Research Plan;; [***] Portions of this exhibit have been redacted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Commission. (d) Deciding whether it is scientifically or technically feasible to create an ADC Directed to the applicable Designated Target in accordance with each Research Plan; (e) Deciding whether an ADC meets the applicable Performance Specifications set forth in each Research Plan; (f) Approval of and any changes to the Strategic IP Plan proposed by the JIPC. (g) Resolving any disputes delegated to the Project Leaders by the JPT or the JIPC; (h) Overseeing the activities conducted pursuant to each Supply Agreement; and (i) Such other matters as the Parties may mutually agree in writing.