definiens: ), to be finalized and approved by the JSC ( as defined below ) . The parties currentlyanticipate that seven ( 7 ) FTEs and approximately $ 500,000 in out - of - pocket expenses will be required inconnection with the implementation of the Development Plan . [COMPANY] will devote the requisite time ofits experienced staff in order to implement the Development Plan as approved by the JSC . [COMPANY] shall paythe Development Funding amount to [COMPANY] in advance in quarterly installments with the first twoinstallments being made concurrent with the payment of the Initial Standstill Payment . Subsequentinstallments shall be made within forty - five ( 45 ) days following the six ( 6 ) and nine ( 9 ) monthanniversaries of the Effective Date ( each such anniversary, a ) . Development Funding shallcontinue on such quarterly basis during any extension of the Standstill Period contemplated by Section 2above and during the Negotiation Period