Extract to table

While no consent is required, the contractual notice obligation must be fulfilled in a timely manner

Based on our review of the Company's operations, which are limited to a single office and laboratory facility in Cambridge, Massachusetts, and the Company's clinical trial activities (which are conducted through third-party clinical research organizations and hospital-based sites), we have not identified any other jurisdiction in which the Company is required to qualify to do business as a foreign corporation

• Diligence Obligations: HBT is required to use commercially reasonable efforts to develop and commercialize at least one licensed product, and the agreement contains specified development milestones and timelines that HBT must meet to maintain the license in good standing

The agreement further provides that any change of control of HBT (whether by merger, consolidation, sale of all or substantially all assets, or otherwise) shall be deemed an assignment for purposes of this restriction