Common use of Grant for the Project Clause in Contracts

Grant for the Project. Subject to the terms and conditions of this Agreement, and Afrigen’s compliance therewith, MPP will fund Afrigen for performing the Project in accordance with the approved budget attached as Attachment 2 and incorporated herein (“Budget”). The maximum amount hereunder shall not exceed the amount of USD 47 million for the Project (except the New Activity) and ZAR 24.5 million for the New Activity. Subject to Section 11.2 “Grant Reduction”, MPP shall have the right to increase or decrease the total amount of the grant in accordance with the needs and the performance of the Project.”

Grant for the Project. Subject to the terms and conditions of this Agreement, and Afrigen’s compliance therewith, MPP will fund Afrigen for performing the Project in accordance with the approved budget attached as Attachment 2 and incorporated herein (“Budget”). The maximum amount hereunder shall not exceed the amount of USD 47 49.5 million for the Project (except the New Revised Objective 3 Activity) and ZAR 24.5 million for the New Revised Objective 3 Activity. Subject to Section 11.2 “Grant Reduction”, MPP shall have the right to increase or decrease the total amount of the grant in accordance with the needs and the performance of the Project.”