Common use of Records, Reports and Information Clause in Contracts

Records, Reports and Information. (a) The Contractor shall, at all times while this Agreement is in force, maintain and submit to the Minister in accordance with the provisions of the Act and the Regulations, the Petroleum Production Licence and this Agreement, full and accurate reports, records, returns and accounts of Petroleum Operations in the Contract Area. (b) All data, well logs, maps, magnetic tapes, cuts of cores and cutting samples and all other geological and geophysical information obtained by the Contractor in the course of carrying out Petroleum Operations hereunder and all geological, technical, financial and economic reports, studies and analyses generated in relation thereto (hereinafter referred to as “Petroleum Data”) shall be submitted to the Minister in accordance with the Regulations. (c) The Contractor may freely export for processing or laboratory examination or analysis samples or other original materials constituting Petroleum Data, provided that samples equivalent in size and quality or, where such material is capable of reproduction, copies of equivalent quality have first been delivered to the Minister. (d) Petroleum Data shall be the joint property of the Minister and the Contractor but shall become the sole property of the Minister with respect to any area which ceases to be part of the Contract Area, whether as result of relinquishment, or expiry, surrender or termination of a Licence or otherwise in accordance with the Act, from the date on which such area ceases to be part of the Contract Area. (e) The Minister, through duly appointed representatives, upon providing the Contractor with at least seven (7) days notice, shall be entitled to observe the Petroleum Operations conducted by the Contractor at his sole cost and expense and at all reasonable times to inspect all assets, records and data kept by the Contractor relating to such Petroleum Operations. In the exercise of such rights under this paragraph the Minister shall not unduly interfere with the Contractor's Petroleum Operations under this Agreement. (f) Nothing in this Article shall be construed as requiring the Contractor or any of the Parties comprising the Contractor to disclose any of its proprietary technology or that of its Affiliated Companies which is not acquired in the course of Petroleum Operations under this Agreement.

Records, Reports and Information. (a) The Contractor shallUntil the Closing, at all times while this Agreement is in forceEquillium shall keep Ono reasonably informed on a regular basis of ongoing material Development Plan activities. Without limiting the generality of the foregoing, maintain and submit prior to the Minister in accordance with Closing, within [***] of each [***], Equillium shall deliver to ▇▇▇ a written report summarizing (i) the provisions progress and Results of the Act performance of the Program during such [***], (ii) any material safety issues arising from clinical trials under the Development Plan, (iii) information disclosed to Equillium by Biocon regarding the progress and results of non-clinical and clinical trials of any Product conducted by Biocon, including material safety issues reported to Equillium by Biocon, (iv) any clinical trials of any Product that are being, or are proposed to be, conducted jointly by ▇▇▇▇▇▇▇▇▇ and Biocon (to the Regulations, the Petroleum Production Licence and this Agreement, full and accurate reports, records, returns and accounts of Petroleum Operations extent not included in the Contract AreaDevelopment Plan) and (v) any proposed deviation from the Development Plan by Equillium. If ▇▇▇ desires a meeting relating to the reported summary, Equillium shall hold such a meeting with ▇▇▇ to explain and discuss the issues raised by ▇▇▇. (b) All dataUntil the Closing, well logsEquillium shall, mapsand shall cause its Subsidiaries and third party sub-contractors to, magnetic tapes, cuts maintain current and accurate records of cores and cutting samples all work conducted by such Persons in respect of the Development Plan and all data and other geological information resulting from such work (which records shall include, as applicable, books, records, reports, research notes, charts, graphs, comments, computations, analyses, recordings, photographs, computer programs and geophysical information obtained by documentation thereof (e.g., samples of materials and other graphic or written data generated in 281923888 v10 the Contractor Program)) (collectively, “Development Records”) for a period covering, at a minimum, the Record Retention Period. Such Development Records shall properly reflect all work done and results achieved in the course performance of carrying out Petroleum Operations hereunder the Program in sufficient detail and in good scientific manner appropriate for regulatory and patent purposes. Until the Closing, Equillium shall document all geological, technical, financial and economic reports, preclinical studies and analyses generated clinical trials to be conducted pursuant to the Development Plan in relation thereto formal written study reports according to applicable national and international (hereinafter referred to as “Petroleum Data”e.g., ICH, GCP and GLP) guidelines, which reports shall be submitted to the Minister in accordance with the Regulationsdeemed and maintained as Development Records. (c) The Contractor may freely export for processing or laboratory examination or analysis samples or other original materials constituting Petroleum Data, provided that samples equivalent in size and quality or, where such material is capable of reproduction, copies of equivalent quality have first been delivered to the Minister. (d) Petroleum Data shall be the joint property of the Minister and the Contractor but shall become the sole property of the Minister with respect to any area which ceases to be part of the Contract Area, whether as result of relinquishment, or expiry, surrender or termination of a Licence or otherwise in accordance with the Act, from the date on which such area ceases to be part of the Contract Area. (e) The Minister, through duly appointed representatives, upon providing the Contractor with at least seven (7) days notice, shall be entitled to observe the Petroleum Operations conducted by the Contractor at his sole cost and expense and at all reasonable times to inspect all assets, records and data kept by the Contractor relating to such Petroleum Operations. In the exercise of such rights under this paragraph the Minister shall not unduly interfere with the Contractor's Petroleum Operations under this Agreement. (f) Nothing in this Article shall be construed as requiring the Contractor or any of the Parties comprising the Contractor to disclose any of its proprietary technology or that of its Affiliated Companies which is not acquired in the course of Petroleum Operations under this Agreement.