Common use of Reporting and Reconciliation Clause in Contracts

Reporting and Reconciliation. (i) Within [*] in which there is a Collaboration Product for which one or both Parties are attempting to negotiate a Partnering Agreement pursuant to this Section 6.1, each Party shall report to the JOC or (JFC, if formed) the total of all Partnering Costs it incurred in such quarter with respect to such Collaboration Product. If one Party incurred more such Partnering Costs during such quarter, then the JOC shall promptly send the other Party an invoice for [*]. The other Party shall pay the amount of such invoice to the first Party within [*] of the date of such invoice. (ii) Within [*] following the execution of a Partnering Agreement entered into pursuant to this Section 6.1, each Party shall report to the JOC or (JFC, if formed) the Partnering Costs it incurred during such quarter with respect to such Partnering Agreement and the Licensing Revenues it received during such quarter with respect to such Partnering Agreement. Within [*] after receipt of such reports, the JOC shall calculate the amount of any payment due from one Party to another to achieve the allocation of Partnering Costs and Licensing Revenue set forth in Section 6.1(c) and shall send such Party an invoice for such amount. The invoiced Party shall pay the amount of such invoice to the other Party within [*] of the date of such invoice. (iii) Either Party may audit, in accordance with the procedures set forth in Section 10.7, the accuracy of the other Party’s reports pursuant to this Section 6.1(d). [*] Confidential treatment requested; certain information omitted and filed separately with the SEC.

Reporting and Reconciliation. (i) Within [*] in which there is a Collaboration Syrrx Terminated Product for which one or both Parties are PPD is attempting to negotiate a Partnering Agreement pursuant to this Section 6.16.3, each Party [*] shall report to the JOC or (JFC, if formed) the total of all Partnering Costs it incurred in such quarter with respect to such Collaboration Product. If one Party incurred more The JOC or (JFC, if formed) shall keep such Partnering Costs during such quarter, then the JOC shall promptly send the other Party an invoice information for [*]. The other Party shall pay the amount of such invoice calculating payments pursuant to the first Party within [*] of the date of such invoiceSection 6.3(d)(ii). (ii) Within [*] following the execution of a Partnering Agreement entered into pursuant to this Section 6.16.3, each Party shall report to the JOC or (JFC, if formed) the Partnering Costs it incurred during such quarter with respect to such Partnering Agreement and the Licensing Revenues it received during such quarter with respect to such Partnering Agreement. Within [*] after receipt of such reports, the JOC or (JFC, if formed) shall calculate the amount of any payment due from one Party to another to achieve the allocation of Partnering Costs and Licensing Revenue Profit set forth in Section 6.1(c6.3(c)(i) or 6.3(c)(ii), as applicable, and shall send such Party an invoice for such amount. The invoiced Party shall pay the amount of such invoice to the other Party within [*] of the date of such invoice. (iii) Either Party may audit, in accordance with the procedures set forth in Section 10.7, the accuracy of the other Party’s reports pursuant to this Section 6.1(d6.3(d). [*] Confidential treatment requested; certain information omitted and filed separately with the SEC.

Reporting and Reconciliation. (i) Within [*] in which there is a Collaboration Product for which one or both Parties are attempting to negotiate a Partnering Agreement pursuant to this Section 6.16.2, each Party shall report to the JOC or (JFC, if formed) the total of all Partnering Costs it incurred in such quarter with respect to such Collaboration Product. If one Party incurred more such Partnering Costs during such quarter, then the JOC shall promptly send the other Party an invoice for [*]. The other Party shall pay the amount of such invoice to the first Party within [*] of the date of such invoice. (ii) Within [*] following the execution of a Partnering Agreement entered into pursuant to this Section 6.16.2, each Party shall report to the JOC (or (JFC, if formed) the Partnering Costs it incurred during such quarter with respect to such Partnering Agreement and the Licensing Revenues it received during such quarter with respect to such Partnering Agreement. Within [*] after receipt of such reports, the JOC shall calculate the amount of any payment due from one Party to another to achieve the allocation of Partnering Costs and Licensing Revenue Profit set forth in Section 6.1(c6.2(c) and shall send such Party an invoice for such amount. The invoiced Party shall pay the amount of such invoice to the other Party within [*] of the date of such invoice. [*] Confidential treatment requested; certain information omitted and filed separately with the SEC. (iii) Either Party may audit, in accordance with the procedures set forth in Section 10.7, the accuracy of the other Party’s reports pursuant to this Section 6.1(d6.2(d). [*] Confidential treatment requested; certain information omitted and filed separately with the SEC.

Reporting and Reconciliation. (i) Within [*] in which there is a Collaboration PPD Terminated Product for which one or both Parties are Syrrx is attempting to negotiate a Partnering Agreement pursuant to this Section 6.16.4, each Party Syrrx shall report to the JOC or (JFC, if formed) the total of all Partnering Costs it incurred in such quarter with respect to such Collaboration Product. If one Party incurred more The JOC or (JFC, if formed) shall keep such Partnering Costs during such quarter, then the JOC shall promptly send the other Party an invoice information for [*]. The other Party shall pay the amount of such invoice calculating payments pursuant to the first Party within [*] of the date of such invoiceSection 6.4(d)(ii). (ii) Within [*] following the execution of a Partnering Agreement entered into pursuant to this Section 6.16.4, each Party shall report to the JOC or (JFC, if formed) the Partnering Costs it incurred during such quarter with respect to such Partnering Agreement and the Licensing Revenues it received during such quarter with respect to such Partnering Agreement. Within [*] after receipt of such reports, the JOC shall calculate the amount of any payment due from one Party to another to achieve the allocation of Partnering Costs and Licensing Revenue Profit set forth in Section 6.1(c6.4(c)(i) or 6.4(c)(ii), as applicable, and shall send such Party an invoice for such amount. The invoiced Party shall pay the amount of such invoice to the other Party within [*] of the date of such invoice. (iii) Either Party may audit, in accordance with the procedures set forth in Section 10.7, the accuracy of the other Party’s reports pursuant to this Section 6.1(d6.4(d). [*] Confidential treatment requested; certain information omitted and filed separately with the SEC.