Common use of Tax Actions Clause in Contracts

Tax Actions. Notwithstanding anything in this Agreement to the contrary, if an action, including but not limited to any assignment or sublicense of its rights or obligations under this Agreement, or any failure to comply with Applicable Laws or filing or record retention requirements (a “Tax Action”) by a Party leads to the imposition of withholding tax liability or VAT on the other Party that would not have been imposed in the absence of a Tax Action or in an increase in such liability above the liability that would have been imposed in the absence of such Tax Action, then (i) any sum payable by the Party that caused the Tax Action (in respect of which such deduction or withholding is required to be made or VAT has been imposed) shall be increased to the extent necessary to ensure that the other Party receives a sum equal to the sum which it would have received had no Tax Action occurred and (ii) any sum receivable by the Party that caused a Tax Action (in respect of which such deduction or withholding is required to be made or VAT has been imposed) shall be made to that Party after deduction of the amount required to be so deducted or withheld or adjusting for any amounts in respect of such VAT to ensure that the other Party’s overall liability in respect of such payment remains the same as it would have been had no Tax Action occurred, and any applicable deducted or withheld amount shall be remitted to the relevant taxation authority in accordance with Applicable Law. For the avoidance of doubt, a Party shall only be liable for increased payments pursuant to this Section 5.14.2 to the extent such Party engaged in a Tax Action that created or ​ ​

Tax Actions. Notwithstanding anything in this Agreement to the contrary, if an action, including but not limited to any assignment or sublicense of its rights or obligations under this Agreement, or any failure to comply with Applicable Laws or filing or record retention requirements (a “Tax Action”) by a Party leads to the imposition of withholding tax liability or VAT on the other Party that would not have been imposed in the absence of a Tax Action or in an increase in such liability above the liability that would have been imposed in the absence of such Tax Action, then (i) any sum payable by the Party that caused the Tax Action (in respect of which such deduction or withholding is required to be made or VAT has been imposed) shall be increased to the extent necessary to ensure that the other Party receives a sum equal to the sum which it would have received had no Tax Action occurred and (ii) any sum receivable by the Party that caused a Tax Action (in respect of which such deduction or withholding is required to be made or VAT has been imposed) shall be made to that Party after deduction of the amount required to be so deducted or withheld or adjusting for any amounts in respect of such VAT to ensure that the other Party’s overall liability in respect of such payment remains the same as it would have been had no Tax Action occurred, and any applicable deducted or withheld amount shall be remitted to the relevant taxation authority in accordance with Applicable Law. For the avoidance of doubt, a Party shall only be liable for increased payments pursuant to this Section 5.14.2 to the extent such Party engaged in a Tax Action that created or ​ ​or

Tax Actions. Notwithstanding anything in this Agreement to the contrary, if an action, including but not limited to any assignment or sublicense of its rights or obligations under this AgreementAGREEMENT, or any failure to comply with Applicable Laws APPLICABLE LAWS or filing or record retention requirements (each a “Tax ActionTAX ACTION”) by a Party PARTY leads to the imposition of withholding tax liability or VAT on the other Party that would not have been imposed in the absence of a Tax Action TAX ACTION or in an increase in such liability above the liability that would have been imposed in the absence of such Tax ActionTAX ACTION, then (i) any the sum payable by the Party PARTY that caused the Tax Action TAX ACTION (in respect of which such deduction or withholding is required to be made or VAT has been imposedmade) shall be increased to the extent necessary to ensure that the other Party PARTY receives a sum equal to the sum which it would have received had no Tax Action TAX ACTION occurred and (ii) any the sum receivable payable by the Party PARTY that caused a Tax Action TAX ACTION (in respect of which such deduction or withholding is required to be made or VAT has been imposedmade) shall be made to that Party the other PARTY after deduction of the amount required to be so deducted or withheld or adjusting for any amounts in respect of such VAT to ensure that the other Party’s overall liability in respect of such payment remains the same as it would have been had no Tax Action occurredwithheld, and any applicable which deducted or withheld amount shall be remitted to the relevant taxation authority in accordance with Applicable LawAPPLICABLE LAW. For the avoidance of doubt, a Party PARTY shall only be liable for increased payments pursuant to this Section 5.14.2 6.9.2 to the extent such Party PARTY engaged in a Tax Action TAX ACTION that created or ​ ​increased a withholding tax or VAT on the other PARTY.

Tax Actions. Notwithstanding anything in this Agreement to the contrary, if an action, including but not limited to any assignment or sublicense of its rights or obligations under this Agreement, or any failure to comply with Applicable Laws or filing or record retention requirements (a “Tax Action”) by a Party leads to the imposition of withholding tax liability or VAT on the other Party that would not have been imposed in the absence of a Tax Action or in an increase in such liability above the liability that would have been imposed in the absence of such Tax Action, then (i) any the sum payable by the Party that caused [***] Certain information in this document has been omitted from this exhibit because AN2 Therapeutics, Inc. has determined that it is both (i) not material and (ii) is of the type that would customarily and actually be treated as private or confidential. 19 Confidential Execution Version the Tax Action (in respect of which such deduction or withholding is required to be made or VAT has been imposedmade) shall be increased to the extent necessary to ensure that the other Party receives a sum equal to the sum which it would have received had no Tax Action occurred and (ii) any the sum receivable payable by the Party that caused a Tax Action (in respect of which such deduction or withholding is required to be made or VAT has been imposedmade) shall be made to that the other Party after deduction of the amount required to be so deducted or withheld or adjusting for any amounts in respect of such VAT to ensure that the other Party’s overall liability in respect of such payment remains the same as it would have been had no Tax Action occurredwithheld, and any applicable which deducted or withheld amount shall be remitted to the relevant taxation authority in accordance with Applicable Law. For the avoidance of doubt, a Party shall only be liable for increased payments pursuant to this Section 5.14.2 to the extent such Party engaged in a Tax Action that created or ​ ​increased a withholding tax or VAT on the other Party.