Common use of Technology Transfer and Reporting Clause in Contracts

Technology Transfer and Reporting. Caltech shall provide to Licensee all Technology as of the date [***] ([***]) days after the Effective Date. Caltech represents and warrants that the Technology identified on Exhibit B constitutes all of the Technology as of the Effective Date. No later than [***] ([***]) days following the Effective Date, Caltech shall provide to Licensee a true and complete copy of [***] that constitutes Technology. Within [***] ([***]) days after the Effective Date, Caltech shall update Exhibit B to include all Technology in existence as of the date [***] ([***]) days after the Effective Date and a true and complete copy of [***] that constitutes Technology, to the extent not already provided to Licensee. At Licensee’s request for a particular Technology, (or some or all of the Technology), Caltech will provide information relating to [***] of such Technology, including without limitation, information sufficient to describe the known characteristics of such Technology. Caltech shall provide a written Technology transfer report to Licensee on or before April 30th, July 31st, October 31st, and January 31st of each year, but only when Technology transfer has occurred during the previous quarter. Such report shall identify the new Technology the Licensee received from Caltech in the previous quarter. Licensee and Caltech hereby agree that Exhibit B shall be automatically amended to include Technology transfer reports upon Licensee’s acknowledged receipt of such reports.