Common use of Semi-Annual Report Clause in Contracts

Semi-Annual Report. Within [*] after each six (6) month “anniversary” of the Effective Date during the Term, Licensee shall deliver to Alamar a written report, in a form reasonably acceptable to Alamar, detailing the progress of Licensee’s (and its Subcontractors’, Affiliates’, and Sublicensees’) research, development, and commercialization activities related to the Relevant Subject Matter, during the previous six (6) month period. Such report shall consist of: (i) [*], (ii) [*] (iii) [*], and (iv) [*] (all of the foregoing, a “Semi-Annual Report”). Notwithstanding anything to the foregoing, under section 4(b)(iv), Licensee, Sublicensee and its Subcontractors, Affiliates, and Sublicensees may at their reasonable discretion limit the provision of Net Sales calculations to the annual reporting obligations described in 4.2. Upon Alamar’s assessment of such New or Existing Attobodies’ data described in Section 4.5(b)(i), Licensee shall, at Alamar’s request, provide Alamar with [*].