Common use of Initial Grant Clause in Contracts

Initial Grant. COMPANY shall issue a total of [***] shares (the “Shares”) of Common Stock of COMPANY, $0.0001 par value per share (“Common Stock”), to M.I.T. and those individuals listed on Appendix C (the “M.I.T. Holders”), XXXXXXX and XXXX, in the amounts specified in Appendix C; provided, however, that each of M.I.T., XXXXXXX and GIST and each M.I.T. Holder (collectively, the “Shareholders” and individually, each a “Shareholder”), shall execute (I) an investment letter in a form mutually agreeable to M.I.T. and COMPANY; and (II) a First Amendment to Right of First Refusal and Co-Sale Agreement in the form attached hereto as Exhibit C (the “ROFR and Co-Sale Agreement”). Such issuance shall be recorded on the Stock Transfer Ledger of COMPANY on the EFFECTIVE DATE and the Shares shall be delivered to each Shareholder within thirty (30) days after the EFFECTIVE DATE. COMPANY agrees that the joinder agreement that binds XXXXXXX to the ROFR and Co-Sale Agreement shall provide that XXXXXXX shall not be bound by Section 7 (Co-Sale) thereof.

Initial Grant. COMPANY shall issue a total of [***] shares (the “Shares”) of Common Stock of COMPANY, $0.0001 par value per share (“Common Stock”), to M.I.T. and those individuals listed on Appendix C persons as M.I.T. shall direct (the “M.I.T. Holders”), XXXXXXX XXXXXXX, HARVARD, INSTITUTE and XXXXCMCC, in the amounts specified in Appendix Cas M.I.T. shall direct, such information to be provided within thirty (30) days of the EFFECTIVE DATE; provided, however, that each of M.I.T., XXXXXXX [***] Certain information in this document has been omitted and GIST filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. XXXXXXX, HARVARD, INSTITUTE, CMCC and each M.I.T. Holder (collectively, the “Shareholders” and individually, each a “Shareholder”), shall execute (I) an investment letter in a form mutually agreeable to M.I.T. and COMPANY; and (II) a First Amendment to Right of First Refusal and Co-Sale Agreement in the form attached hereto as Exhibit C (the “ROFR and Co-Sale Agreement”). Such issuance shall be recorded on the Stock Transfer Ledger of COMPANY on the EFFECTIVE DATE and and, subject to the conditions in the proviso above, the Shares shall be delivered to each Shareholder within thirty (30) days after the EFFECTIVE DATE. COMPANY agrees that the joinder agreement that binds XXXXXXX to the ROFR and Co-Sale Agreement shall provide that XXXXXXX shall not be bound by Section 7 (Co-Sale) thereof.

Initial Grant. COMPANY shall issue a total of [***] 293,338 shares (the “Shares”) of Common Stock of COMPANY, $0.0001 par value per share (“Common Stock”), to M.I.T. and those individuals listed on Appendix C (the “M.I.T. Holders”), XXXXXXX and XXXX, in the amounts specified in Appendix C; provided, however, that each of M.I.T., XXXXXXX and GIST and each M.I.T. Holder (collectively, the “Shareholders” and individually, each a “Shareholder”), shall execute (I) an investment letter in a form mutually agreeable to M.I.T. and COMPANY; and (II) a First Amendment to Right of First Refusal and Co-Sale Agreement in the form attached hereto as Exhibit C (the “ROFR and Co-Sale Agreement”). Such issuance shall be recorded on the Stock Transfer Ledger of COMPANY on the EFFECTIVE DATE and the Shares shall be delivered to each Shareholder within thirty (30) days after the EFFECTIVE DATE. COMPANY agrees that the joinder agreement that binds XXXXXXX to the ROFR and Co-Sale Agreement shall provide that XXXXXXX shall not be bound by Section 7 (Co-Sale) thereof.