Notice by Sanofi. Sanofi shall have a period of [**] days following the receipt of the Right of Review Notice to notify the Company in writing of its good faith interest in pursuing an Opportunity (the “Exercise Notice”). During such [**] day period, upon the written request of Sanofi, the Company shall permit one or more appropriate representative(s) of Sanofi to attend an information meeting (either in person or by telecommunication) for the purpose of providing to Sanofi an overview of the Opportunity. In the event that (i) Sanofi does not provide the Company with an Exercise Notice within the applicable period for an Opportunity or (ii) Sanofi notifies the Company in writing that it does not intend to provide an Exercise Notice, except as provided in Section 2(e), the rights of Sanofi under this Section 2 (including but not limited to the Right of Negotiation as defined in Section 2(c)) shall terminate, but only with respect to an Opportunity involving the country or combination of countries specified in the Company’s Right of Review Notice to Sanofi, and at any time thereafter the Company shall be able to enter into a transaction with a third party with respect to the Opportunity, but only with respect to the country or combination of countries specified in the Company’s Right of Review Notice to Sanofi. Sanofi’s Right of Negotiation shall not terminate with respect to any countries that were not previously offered to Sanofi. For illustration and the avoidance of doubt, if an Opportunity is offered to Sanofi that involves only the countries in Europe and Sanofi does not exercise its Right of Negotiation and the Company thereafter intends to pursue negotiations with a third party involving Europe and the United States, Sanofi would have a Right of Negotiation for the Opportunity involving the United States.
