Common use of Research Extension Option Clause in Contracts

Research Extension Option. The Company has an option to extend the Research Financing for additional Research Periods or set new or additional annual Research Financing periods (the Research Extension), in accordance to similar terms and condition as the initial Research Funding. ▇▇▇▇▇ will use its best efforts within AU policy to enable the Research Extension, but cannot guarantee the availability of specific researchers or laboratories.

Research Extension Option. The Company has an option to extend the Research Financing for additional Research Periods or set new or additional annual Research Financing periods (the Research Extension), in accordance to similar terms and condition as the initial Research Funding. ▇▇▇▇▇ Ariel will use its best efforts within AU policy to enable the Research Extension, but cannot guarantee the availability of specific researchers or laboratories.