Document:

Exhibit 10.26

 

Text
Marked By [* * *] Has Been Omitted Pursuant To A Request For Confidential Treatment And Was Filed Separately With The Securities
And Exchange Commission.

 

AMENDED AND RESTATED MANUFACTURING SERVICES
AGREEMENT

 

This Amended and Restated Manufacturing Services Agreement (this
“Agreement”) is made as of December 18, 2017 (the “Effective Date”) by and between WuXi AppTec,
Inc., a corporation organized under the laws of Delaware having a place of business at 4751 League Island Blvd., Philadelphia,
PA 19112 (“Company”), and Iovance Biotherapeutics, Inc. (f.d.b.a. Lion Biotechnologies, Inc.), a Delaware corporation
having its principal place of business at 999 Skyway Road, Suite 150, San Carlos, CA 94070 (“Iovance”) (each
of Company and Iovance, a “Party” and, collectively, the “Parties”).

 

RECITALS

 

WHEREAS, Company has experience in the development,
manufacture and supply of biopharmaceutical products;

 

WHEREAS, Iovance is developing various novel
cancer immunotherapies, including autologous cell therapy products based on its tumor infiltrating lymphocytes (“TILs”)
technology;

 

WHEREAS, Iovance has developed a proprietary
process that utilizes a patient’s own TILs, whereby a patient’s TILs are expanded in vitro and then infused back into
the patient;

 

WHEREAS, from time to time, Iovance may
engage Company to manufacture and perform services related to the manufacture of Iovance’s autologous cell therapy products
for use in clinical trials, all on the terms set out in this Agreement and the applicable Statements of Work between the Parties;

 

WHEREAS, the Parties previously executed
that certain Manufacturing Services Agreement (the “Original Agreement”), with an effective date of November
23, 2016 (the “Original Effective Date”); and

 

WHEREAS, the Parties desire to amend and
restate the Original Agreement in its entirety on the terms and subject to the conditions set forth in this Agreement to modify
the terms applicable to equipment provided by Iovance and augment the scope of the relationship to permit the manufacturing of
Product for patients based in the European Union and certain other countries as described herein and the Parties acknowledge and
agree that this Agreement satisfies the requirement of Section 18.5.1 of the Original Agreement that any amendment of the Original
Agreement be in writing.

 

NOW, THEREFORE, in consideration of the
foregoing and the mutual promises and covenants hereinafter set forth, Company and Iovance, intending to be legally bound, hereby
agree as follows:

 

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AGREEMENT

 

		1.	DEFINITIONS

 

When used in this Agreement, capitalized
terms will have the meanings as defined below and throughout this Agreement. Unless the context indicates otherwise, the singular
will include the plural and the plural will include the singular.

 

1.1       “AAA”
has the meaning set forth in Section 18.15.3.

 

1.2       “Affiliate”
means, with respect to either Party, any other corporation or business entity that directly, or indirectly through one (1) or more
intermediaries, controls, is controlled by or is under common control with such Party. For purposes of this definition, the term
“control” and, with correlative meanings, the terms “controlled by” and “under common control with”
means direct or indirect ownership of more than fifty percent (50%) of the securities or other ownership interests representing
the equity voting stock or general partnership or membership interest of such entity or the power to direct or cause the direction
of the management or policies of such entity, whether through the ownership of voting securities, by contract, or otherwise.

 

1.3       “Agreement”
has the meaning set forth in the preamble, and, for clarity, includes the Appendices, the Statements of Work and the Quality Agreement,
all of which are incorporated herein by this reference, as amended from time to time in accordance with this Agreement or otherwise
by written agreement of the Parties.

 

1.4       “Background
Intellectual Property” has the meaning set forth in Section 13.1.

 

1.5       “Batch”
means a specific quantity of Product that is intended to have uniform character and quality, within specified limits, and is produced
from one manufacturing run using the Process.

 

1.6       “Batch
Record” means the production record pertaining to a Batch.

 

1.7       “cGMP”
means the then current good manufacturing practices, standards, guidelines and regulations promulgated and published by the FDA,
European Commission and/or the European Medicines Agency relating to the testing, manufacturing, processing, packaging, labelling,
holding or distribution of biologics, drug substances, human cells, tissues, and cellular or tissue-based products, and/or finished
drugs, to the extent applicable to the Services, including any standards, guidelines and regulations as promulgated by: (i) the
FDA under and in accordance with the U.S. Federal Food, Drug and Cosmetic Act, Title 21, Parts 210, 211, 600, 610, and 1271 of
the U.S. Code of Federal Regulations and the Public Health Service Act, to the extent applicable; and/or (ii) the European Medicines
Agency, EU Commission and EU member state governmental authorities under and in accordance with European Directive 2003/94/EC,
including, in each case of (i) and (ii), the ICH Harmonised Tripartite Good Manufacturing Practice Guide to the extent it, or components
thereof, are adopted by the FDA and/or the European Medicines Agency.

 

1.8       “Change
Order” has the meaning set forth in Section 2.2.

 

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1.9       “COA”
means a certificate of analysis, which, with respect to a Batch of Product or Product components, including packaging and labelling,
shall include, at a minimum: (i) name, address, and contact phone number of each of the facilities where such Product or component
was manufactured; (ii) Product or component name and details; (iii) Product or component batch number and other identification;
(iv) date of manufacture; (v) date of expiry, to the extent applicable; (vi) a list of each test performed, the location of the
test facility, the acceptance limits as indicated in the Product Specifications or material specifications, and the results obtained
(and the COA should document actual values, where Product Specifications or component specifications are quantitative, and maintain
the significant figures and rounding of numbers defined in the Product Specifications or component specifications); and (vii) such
other information or statements as may reasonably be requested by Iovance.

 

1.10     “Company”
has the meaning set forth in the preamble.

 

1.11     “Company
Confidential Information” means the Confidential Information of Company.

 

1.12     “Company
Operating Documents” means the standard operating procedures, standard manufacturing procedures, standard testing procedures,
control specifications, raw material specifications, protocols, validation documentation, and supporting documentation used by
Company in the performance of Services and for operation and maintenance of a Facility and Company equipment used in the performance
of Services, excluding any of the foregoing that are unique to the Product or Services or provided by Iovance.

 

1.13     “Company
Parties” has the meaning set forth in Section 17.2.

 

1.14     “Condemnation”
has the meaning set forth in Section 18.3.

 

1.15     “Confidential
Information” has the meaning set forth in Section 12.1.

 

1.16     “CPA”
has the meaning set forth in Section 11.2.

 

1.17     “Effective
Date” has the meaning set forth in the preamble.

 

1.18     “Facility(ies)”
means the facility(ies) designated within the applicable Statement of Work where all development work, processing and manufacturing
and other Services shall be conducted. Such term includes all of the equipment, machinery and facilities of Company at such location
that are used in the performance of the Services.

 

1.19     “FDA”
means the U.S. Food and Drug Administration, and any successor agency thereof.

 

1.20     “Force
Majeure Event” has the meaning set forth in Section 18.2.

 

1.21     “Forecast”
has the meaning set forth in Section 2.7.

 

1.22     “Improvements”
has the meaning set forth in Section 13.2.1.

 

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1.23     “Indemnitee”
has the meaning set forth in Section 17.4.1.

 

1.24     “Indemnitor”
has the meaning set forth in Section 17.4.1.

 

1.25     “Initial
Agreement” has the meaning set forth in Section 18.5.2.

 

1.26     “Institutional
Review Board” means an institutional review board, independent ethics committee or equivalent entity that approves, monitors
and reviews medical research.

 

1.27     “Insurance
Policy” has the meaning set forth in Section 17.5.

 

1.28     “Intellectual
Property” has the meaning set forth in Section 13.1.

 

1.29     “Iovance”
has the meaning set forth in the preamble.

 

1.30     “Iovance
Confidential Information” means the Confidential Information of Iovance.

 

1.31     “Iovance
Intellectual Property” means Background Intellectual Property of Iovance and New Iovance Intellectual Property.

 

1.32     “Iovance
Materials” has the meaning set forth in Section 5.1.

 

1.33     “Iovance
Parties” has the meaning set forth in Section 17.1.

 

1.34     “Joint
Steering Committee” or “JSC” has the meaning set forth in Section 3.3.

 

1.35     “Law”
or “Laws” means (a) all applicable constitutional provisions, laws, statutes, codes, rules, regulations, guidances,
orders, treaties, judgments, decrees, directives, injunctions and/or ordinances of any United States or European Union (as it exists
on the Effective Date) governmental entity or authority, which are applicable to the Parties, their respective obligations under
this Agreement, or otherwise to the Patient Materials, Process and/or Product (any component thereof and/or the manufacture or
processing thereof), including Directive 2001/83/EC, Directive 2004/23/EC and Directive 95/374/EC and the General Data Protection
Regulation 2016 (when in force), and (b) cGMPs. Any reference to a particular law or regulation will be interpreted to include
any revision of or successor to such statute, law, rule or regulation regardless of how it is numbered or classified.

 

1.36     “Losses”
has the meaning set forth in Section 17.1.

 

1.37     “Master
Batch Record” or “MBR” means the documentation that contains a detailed description of the Process
and any other instructions to be followed by Company in the production of Product.

 

1.38     “Materials”
has the meaning set forth in Section 5.2.

 

1.39     “New
Iovance Intellectual Property” has the meaning set forth in Section 13.2.1.

 

1.40     “Original
Agreement” has the meaning set forth in the Recitals.

 

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1.41     “Original
Effective Date” has the meaning set forth in the Recitals.

 

1.42     “Party”
or “Parties” has the meaning set forth in the preamble.

 

1.43     “Patient
Material” means (a) the Patient Tumor, and (b) all biological materials derived therefrom.

 

1.44     “Patient
Tumor” means the patient’s primary or metastatic tumor provided by or on behalf of Iovance to Company hereunder
for Company to apply the Process to and from which the TILs will be isolated and expanded to produce a Product.

 

1.45     “Personal
Information” means any data about an identified or identifiable individual, including data that identifies an individual
or that could be reasonably used to identify, locate, track, or contact an individual, in any media or format, including computerized
or electronic records and paper-based files. Personal Information includes both (i) directly identifiable information, such as
a name, identification number or unique job title, Social Security number or other government-issued identifier, or credit card
information, and (ii) indirectly identifiable information, such as date of birth, unique mobile or wearable device identifier,
telephone number and Internet Protocol address, as well as key-coded data.

 

1.46     “Process”
means Iovance’s proprietary process for expanding TILs from a Patient Tumor in vitro to produce a Product and provided by
Iovance to Company pursuant to this Agreement, as such process may be further developed under this Agreement.

 

1.47     “Process
Specifications” means robust, data-driven specifications developed by or for Iovance with respect to the implementation
of the Process as set forth in the Quality Agreement, as such specifications may be amended from time to time in accordance with
the Quality Agreement.

 

1.48     “Product”
means the finalized TIL cell therapy product that is produced from Patient Material by the application of the Process.

 

1.49     “Product
Specifications” means the testing methods and associated robust, data-driven acceptance criteria used to assess the Product
manufactured under this Agreement, as such methods and/or acceptance criteria may be amended from time to time in accordance with
the Quality Agreement.

 

1.50     “Product
Warranties” means those warranties as specifically stated in Section 9.1.

 

1.51     “Project
Team” has the meaning set forth in Section 3.1.

 

1.52     “Purchased
Equipment” has the meaning set forth in Section 2.3.5.

 

1.53     “Quality
Agreement” means the Quality Agreement entered into by the Parties on November 3, 2016, as may be amended or restated
from time to time by the Parties.

 

1.54     “Regulatory
Approval” means the approvals, licenses, registrations or authorizations (including marketing authorizations) of any
regulatory authority that may be necessary for the development, marketing, sale and commercialization of the Product (including
such approvals as are necessary to distribute investigational product).

 

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1.55     “Remedial
Event” means an event whereby Product is subject to a recall, field corrective action, or other regulatory action, including
a clinical hold.

 

1.56     “Report”
has the meaning set forth in Section 3.2.

 

1.57     “Representatives”
means, with respect to a Party, (a) its employees, contractors, subcontractors, consultants, agents, Affiliates or persons otherwise
associated with such Party as a result of the performance of this Agreement or a Statement of Work and (b) the employees, contractors,
subcontractors, consultants, agents of such Party’s Affiliates or persons otherwise associated with such Party’s Affiliates
as a result of the performance of this Agreement or a Statement of Work.

 

1.58     “Security
Incident” has the meaning set forth in Section 6.2.7.

 

1.59     “Services”
means the activities performed by Company under a Statement of Work.

 

1.60     “SOP”
means a standard operating procedure.

 

1.61     “Specifications”
means the Product Specifications and the Process Specifications.

 

1.62     “Statement
of Work” means a statement of work that is signed by the Parties and attached hereto as Appendix A or later becomes
attached through an amendment by the Parties as further detailed in Article 2. As each subsequent Statement of Work is agreed to
and signed by the Parties, each shall state that it is to be incorporated and made a part of this Agreement and shall be consecutively
numbered (for example as A-1, A-2, A-3, etc.). For clarity, the plural of “Statement of Work” is “Statements
of Work”.

 

1.63     “Suite”
means one (1) Company cGMP compliant unit space suitable for the performance of Services under a Statement of Work.

 

1.64     “Taxes”
has the meaning set forth in Section 11.3.

 

1.65     “Term”
has the meaning set forth in Section 16.1.

 

1.66     “Third
Party” means any party other than Company, Iovance or their respective Affiliates.

 

1.67     “TILs”
has the meaning set forth in the recitals.

 

1.68     “Use”
means to perform any operation or set of operations on Patient Materials or Personal Information, whether or not by automatic means,
including collecting, recording, organization, storage, access, adaptation, alteration, retrieval, consultation, use, evaluation,
analysis, reporting, sharing, disclosure, dissemination, transmission, making available, alignment, combination, blocking, deleting,
erasure or destruction.

 

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1.69     “WO
A-4” has the meaning set forth in Section 18.5.2.

 

1.70     “Work”
has the meaning set forth in Section 13.2.1.

 

		2.	STATEMENTS OF WORK; PERFORMANCE

 

2.1       Statement
of Work. From time to time, the Parties will enter into individual Statements of Work, which shall describe the Services to
be performed by Company thereunder and other details related thereto. Statements of Work shall be in a form to be agreed by the
Parties and may include the following as applicable to the Services: Process transfer, Process development, Specifications, nature
(e.g., expected tumor types) of applicable Patient Tumors, number of Product lots required to be produced per month and in the
aggregate during the term of the Statement of Work, timelines for receipt, delivery and dispatch of applicable Patient Tumors and
Products, required Suite availability, required delivery terms for Product, financial consideration, and such other terms as the
Parties mutually determine. Once agreed to by the Parties, each such Statement of Work shall be executed by each of the Parties
and appended hereto as part of Appendix A. In the event of a conflict between the terms and conditions of this Agreement
and any Statement of Work, the terms and conditions of this Agreement shall control unless the Parties expressly agree in a Statement
of Work that a particular clause in such Statement of Work will control.

 

2.2        Modification of Statement of Work. Should Iovance want to modify a Statement
of Work, including a change or revision to the method or manner of performance of Company’s obligations under such
Statement of Work, or the facilities, equipment, or materials to be used in performing the Services subject to such Statement
of Work, Iovance may propose to Company an amendment to the Statement of Work with the desired modifications
(“Change Order”). Upon receipt of such Change Order, Company will evaluate the Change Order and discuss
with Iovance those Change Order elements that Company may reasonably accommodate. Based on such discussions, Company will
prepare a modified version of the Statement of Work reflecting the elements of such Change Order (including any changes to
the estimated timing, estimated charges or scope of Services) and will submit such modified version of the Statement of
Work to Iovance for review and comment. Additionally, if Company reasonably determines that a change or addition to the
information provided by Iovance hereunder, or gained under an applicable Statement of Work necessitates a change to (i) the
method or manner of performance of Company’s obligations hereunder including an acceleration of such obligations, (ii)
production or assay batch records, or (iii) the facilities, equipment, materials, Services or site, which may cause an
activity start date to be rescheduled, Company may propose a Change Order to Iovance, which Iovance will consider in good
faith, but which will otherwise be subject to this Section 2.2. If the Parties agree on terms, they will execute such
modified Statement of Work and such modified Statement of Work shall be appended and become part of the original (or prior)
Statement of Work and this Agreement. Thereafter such modified version of the Statement of Work will be deemed to have
replaced the prior version of the Statement of Work and to be binding on the Parties. Notwithstanding the foregoing, if a
modified version of the Statement of Work is not agreed to and executed by both Parties, the then-current Statement of Work
shall remain in effect.

 

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2.3       Performance
by Company.

 

2.3.1       Company
will perform the Services in a professional and workmanlike manner and in accordance with generally accepted industry practices
and the standards and the terms of this Agreement, the applicable Statement of Work, the Quality Agreement, and all Laws, and will
ensure the same of any Affiliates and Third Parties performing Services on behalf of Company.

 

2.3.2       Company
shall not amend, modify, change or supplement a Statement of Work, or any part thereof, without the prior written consent of Iovance.

 

2.3.3       Company
shall assign such qualified scientific, technical, and other personnel and allocate such Suite capacity to perform the Services
as set forth in the applicable Statement of Work. To the extent such Statement of Work does not specify scientific, technical or
other personnel or Suite capacity, Company shall assign such scientific, technical and other personnel, and shall allocate such
Suite capacity, as is reasonably and customarily necessary for performing the Services as set forth in the applicable Statement
of Work, and consistent with all Laws, this Agreement and the Quality Agreement. Company shall ensure that Company personnel, and
any Affiliates or Third Parties, assigned to perform activities under this Agreement shall be capable of professionally and competently
performing the applicable Services. All persons and entities providing Services shall be appropriately trained and qualified to
perform their assigned responsibilities.

 

2.3.4       Company
will promptly notify Iovance of any delays that arise during the performance of a Statement of Work.

 

2.3.5       Unless
authorized by Iovance in writing, Company shall perform the Services only at the Facility(ies) designated in the applicable Statement
of Work. Unless authorized by Iovance in writing, Company may not utilize any facility, other than the Facility(ies), in connection
with the Services and/or Products. Unless otherwise provided by or authorized by Iovance in writing, Company will use Company’s
equipment for the performance of the Services. Without limiting the foregoing, Iovance will purchase and lease to Company, for
no additional consideration other than Company’s performance under this Agreement and the Statements of Work, such equipment
as is identified in the applicable Statement of Work to be provided by Iovance to Company (the “Purchased Equipment”).
All Purchased Equipment will be delivered to Company free and clear of all liens and encumbrances other than those securing obligations
being serviced by Iovance, and Company will not permit or cause to be suffered any liens or encumbrance on any Purchased Equipment.
Company will be responsible for the maintenance of the Purchased Equipment for so long as the Purchased Equipment is used in performance
of the Services, including furnishing all necessary and appropriate utilities for its operation and maintenance.

 

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2.3.6       Company
shall ensure that all Purchased Equipment is properly maintained in accordance with cGMP, is protected from deterioration other
than normal wear and tear, is only used for the Services, and is returned to Iovance upon the expiration or termination of this
Agreement at Iovance’s reasonable and pre-approved cost and expense. Except for the use of accessories required for the operation
of the Purchased Equipment, Company shall not make any alterations, modifications, or additions to the Purchased Equipment and
shall not remove anything from the Purchased Equipment, without the prior written consent of Iovance. Company shall provide Iovance
and its Representatives with full and free access to the Purchased Equipment during normal business hours. All Purchased Equipment
is and shall remain the property of Iovance and shall be and remain tagged accordingly. In no event shall Company have any interest
in the Purchased Equipment other than Company’s leasehold interest consisting of Company’s right to possess and use
the Purchased Equipment as provided in this Agreement. Company will not claim or identify the Purchased Equipment as being owned
by Company. The Purchased Equipment will be located solely at the Facilities until so notified by Iovance. Iovance may file at
Iovance’s expense any document or other information necessary to demonstrate and secure its ownership in the Purchased Equipment,
including a Uniform Commercial Code financing statement providing the name of Iovance as lessor and of Company as lessee and indicating
the collateral as the Purchased Equipment. Iovance may also notify any person who has filed a Uniform Commercial Code financing
statement against Company covering equipment, or who otherwise might claim an interest in Company’s equipment, as to Iovance’s
interest in the Purchased Equipment. Company shall cooperate with Iovance in completing and filing, and shall execute or join with
Iovance in executing, any such documents, information or notifications. Iovance shall not be liable or otherwise responsible for
any loss, damage or other consequence suffered by Company, its Affiliates or any Third Party as a direct or indirect result of
the Purchased Equipment or the use of the Purchased Equipment by Company, its Representatives or any unauthorized person while
the Purchased Equipment is in the possession or under the control of Company, except to the extent such loss, damage or consequence
is the direct or indirect result of the actions or omissions of Iovance’s or any of its Representatives’ (for clarity,
excluding Company) use of or physical contact with the Purchased Equipment.

 

2.3.7       All
Facilities, equipment, including Purchased Equipment, and processes shall be appropriately qualified, monitored, verified, and
validated, as applicable, commensurate with the Services to be performed as may be required under Law, prior to the commencement
of the Services utilizing such Facilities, equipment and processes, including Purchased Equipment, by Company. Company shall maintain
the Facility(ies), equipment, including Purchased Equipment and contract rights in use at the Facility(ies) in conditions adequate
to perform the Services in accordance with all Laws, this Agreement, the Quality Agreement, and the applicable Statement of Work.

 

2.3.8       Company
shall timely procure and store all materials (other than the Patient Materials and Iovance Materials) that are required for the
performance of the Services as such Services are described in applicable Statements of Work.

 

2.4       Compliance
with Safety, Health and Environmental Laws. Company shall be responsible for compliance with all Laws related to health, safety
and the environment where Services are performed, including providing its employees and consultants engaged in the performance
of Services or Iovance representatives engaged in the review of Services with all required information and training concerning
any potential hazards involved in the performance or review of the Services and any precautionary measures to protect such Iovance
representatives, and Company’s employees and consultants from any such hazards. Except to the extent caused by the negligent
act or omission of Iovance or any Iovance representative, Iovance shall not be responsible for any injuries that Company’s
employees or consultants or Iovance’s representatives may suffer in the performance or review of Services.

 

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2.5       Outsourcing
to Third Parties. Company shall, only after receiving prior written approval by Iovance (which such approval may be withheld
in Iovance’s sole discretion), be entitled to outsource discrete portions of the Services to Third Parties, which such approval
shall be received in the form of an executed Statement of Work that specifically identifies such Third Parties, the Services to
be so outsourced, and the location(s) at which such outsourced Services will be performed; provided that (i) the terms of any such
arrangement between such Third Party and Company are substantially identical in their effect to those set forth in this Agreement,
especially in terms of confidentiality, Intellectual Property rights, and compliance with Laws, (ii) Company shall be responsible
for the initial and ongoing Third Party qualification (including any appropriate validation or verification of the Services to
be performed by such Third Party, including, to the extent applicable, equipment to be used by any such Third Party), to the extent
required by Law, and for Company’s obligations for Services provided by any Third Party under this Agreement or any Statement
of Work, and (iii) Company shall remain liable for Company’s obligations under this Agreement or any applicable Statement
of Work regardless of the failure of any such Third Party to perform the subcontracted Services in accordance with this Agreement.
Company hereby expressly waives any requirement that Iovance exhaust any right, power or remedy, or proceed against any such Third
Party, for a breach of any of Company’s obligation or performance hereunder due to such Third Party’s failure prior
to proceeding directly against Company. Subject to Section 10.4.2, Iovance shall have the right to review Company’s qualification
of all Third Parties and Third Party activities under this Agreement or any Statement of Work and shall have the right to inspect
or audit, itself or through a Representative, or attend any Company inspection or audit of such Third Party before providing written
approval of such Third Party. Iovance’s review, audit and inspection, and attendance rights hereunder shall continue following
Iovance’s written approval of the Third Party and shall further extend to any Third Party re-qualification (including any
appropriate re-validation or re-verification of Services, including, to the extent applicable, equipment to be used by any such
Third Party), to the extent such re-qualification is required by Law, and re-qualification of Third Party activities under this
Agreement or any Statement of Work conducted by Company of any such Third Party.

 

2.6       Use
of Affiliates. Company may exercise its rights and perform its obligations under this Agreement through one (1) or more of
its Affiliates with Iovance’s prior written consent; provided, that, Company (i) shall be responsible for ensuring that all
of its Affiliates comply with the terms and conditions of this Agreement (including all obligations with respect to the confidential
treatment of Iovance Confidential Information and assignment of any New Iovance Intellectual Property), each Statement of Work,
the Quality Agreement and all Laws, (ii) shall be responsible for the initial and ongoing Affiliate qualification, to the extent
required by Law, and for its obligations with respect to the Services that are provided by any Affiliates on behalf of Company
under this Agreement or any Statement of Work, (iii) shall remain directly responsible for the performance of its Affiliates under
this Agreement (including performance under any applicable Statement of Work), and (iv) hereby expressly waives any requirement
that Iovance exhaust any right, power or remedy, or proceed against any such Affiliate for any obligation or performance hereunder
(including performance under any applicable Statement of Work), prior to preceding directly against Company. Subject to Section
10.4.2, Iovance shall have the right to review Company’s Affiliate qualification and qualification of such Affiliate’s
activities under this Agreement or any Statement of Work and shall have the right to inspect or audit, itself or through a Representative,
or attend any Company inspection or audit of such Affiliate before providing written approval of such Affiliate. Iovance’s
review, audit and inspection, and attendance rights hereunder shall continue following Iovance’s written approval of any
such Affiliate of Company and shall further extend to any Affiliate re-qualification, to the extent such re-qualification is required
by Law, and re-qualification of such Affiliate’s activities under this Agreement or any Statement of Work conducted by Company.

 

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2.7       Forecast
and Suspended Services. From time-to-time during the Term, Iovance will provide to Company a rolling twelve (12)-month forecast
specifying Iovance’s anticipated requirements for the number of Batches to be Processed by calendar quarter for the succeeding
four (4) calendar quarters, including anticipated tumor type (the “Forecast”). The number of Batches set forth
in the Forecast shall constitute Iovance’s good faith estimate of Iovance’s requirements for Company’s manufacturing
capacity for such periods. Additionally, the Parties shall meet once per month, either in person or via teleconference or videoconference,
to discuss Iovance’s anticipated manufacturing needs. In the event of a Remedial Event the Parties agree that Company’s
obligation to supply and Iovance’s obligation to purchase any Batches included in the Forecast that would be affected by
such Remedial Event, shall be suspended commencing upon receipt by Company of written notice from Iovance of the Remedial Event
and continuing until such time as such Remedial Event is resolved. Iovance shall promptly notify Company when any such Remedial
Event is resolved and the Parties obligations which were suspended shall resume. Regardless of any such suspension, Iovance shall
remain obligated to pay for the manufacturing suite fees as specified in an applicable Statement of Work; provided, that, if an
investigation conducted under the Quality Agreement determines that such Remedial Event was caused by the negligence or willful
misconduct of Company, Iovance shall have no obligation to pay such fees during the period of suspension. If the Remedial Event
lasts longer than three (3) months then Iovance may (i) elect to resume the affected manufacturing activities in accordance with
the Forecast, or (ii) pay Company for the agreed suite fees plus other fixed costs for the Batches contained in the Forecast for
the duration of the Remedial Event, or (iii) allow Company to use the suite(s) and manufacturing capacity for Third Party projects
for the duration of the Remedial Event plus six (6) months, in which case during such time Iovance shall have no obligation to
pay to Company any amounts for such manufacturing suite fees or Batches included in the Forecast; provided, that, if an investigation
conducted under the Quality Agreement determines that such Remedial Event is caused by the negligence or willful misconduct of
Company, Iovance shall have no obligation to pay suite fees or other fixed costs during the period of suspension and may elect
to maintain the suspension of manufacturing activities until the resolution of the Remedial Event. With regard to Iovance’s
election under the previous sentence, Iovance shall give Company at least thirty (30) days’ notice of its intent.

 

2.8       Timing
of Services. Each Party understands that once the timing for manufacturing Batches is established that it is of the utmost
importance that the execution of each Party’s obligations is consistent with meeting the timing required for Batch production.
Accordingly, both Parties shall perform their respective obligations in order to meet the timing guidelines for Batch production
provided in the applicable Statement of Work.

 

2.9       Commercial
Manufacturing Agreement. Upon Iovance’s request (and at Iovance’s sole discretion), Company and Iovance shall enter
into a mutually agreeable commercial manufacturing agreement whereby Company will provide Product to Iovance for commercial purposes.

 

    	 	11	 

     

    

 

		3.	GOVERNANCE

 

3.1       Project
Team.

 

3.1.1       In
accordance with the Original Agreement, the Parties have established a project team (“Project Team”), which
consists of personnel from each Party who are appropriately skilled and knowledgeable in relation to the Services. The Project
Team is comprised of equal numbers of representatives from Iovance and Company. A representative from Iovance shall chair the Project
Team.

 

3.1.2       The
Project Team shall be responsible for the following:

 

		(a)	coordinating transfer of technology and knowledge related to the Services;

 

		(b)	amending and updating Statements of Work;

 

		(c)	implementation of the Services through each Statement of Work;

 

		(d)	monitoring of the Services under each Statement of Work;

 

		(e)	reporting to the JSC on the progress of the Services; and

 

		(f)	establishing Project Team subgroups as reasonably necessary.

 

3.1.3       Decisions
of the Project Team shall be made by unanimous agreement of the Parties, with each Party’s representatives having one (1)
vote in the aggregate. For purposes of clarity, decisions by the Project Team may be made by as few as one (1) representative from
each Party and in any forum (face-to-face, videoconference, teleconference, etc.). In the event that unanimity is not achieved
within the Project Team, either Party may, within thirty (30) days, refer such matter to the JSC and the JSC shall promptly discuss
the matter and attempt in good faith to resolve the matter.

 

3.1.4       Unless
otherwise agreed to by the Parties in writing;

 

		(a)	the Project Team shall meet at least bi-weekly, in person, or by teleconference or videoconference;

 

		(b)	the Project Team members from Company shall keep the Project Team members from Iovance fully and regularly informed as to its
progress with its obligations under each Statement of Work, including written Project reports, and progress with respect to general
obligations under this Agreement as Iovance may reasonably request; and

 

		(c)	Project Team subgroups shall communicate and meet as necessary in order for the activities allocated to them to be conducted
in accordance with the timelines mandated by the Project Team.

 

 

    	 	12	 

     

    

 

3.2        Reports.
Company shall (a) be available for conference calls discussing progress, problems and plans associated with the Services and (b)
upon the request of Iovance provide written reports to the Project Team setting forth the results of the Services (each a “Report”).
Company shall also provide other reports, data, and information to the Project Team as agreed to by the Project Team, or as set
forth in an applicable Statement of Work, from time-to-time. Company shall further provide other reports, data, and information
that (i) Company is required to provide to Iovance under Laws within the timeframes specified by such Laws, and/or (ii) Iovance
is required to report to the applicable regulatory authorities with sufficient time to allow Iovance to evaluate the relevant reports,
data, and/or information and provide its report to the applicable regulatory authorities within the timeframes required by Law.

 

3.3       Joint
Steering Committee.

 

3.3.1       In
accordance with the Original Agreement, the Parties have established a joint steering committee (the “Joint Steering Committee”
or “JSC”), which consists of personnel from each Party who are appropriately skilled and knowledgeable in relation
to the Services. The JSC is comprised of equal numbers of representatives from Iovance and Company. A representative from Iovance
shall chair the JSC.

 

3.3.2       The
JSC shall be responsible for the following:

 

		(a)	managing the overall relationship between the Parties;

 

		(b)	providing strategic guidance and management regarding clinical and commercial development, key contractual responsibilities
and alignment across all functional activities;

 

		(c)	establishing and monitoring the goals and prioritization of the Services, and overseeing the Services generally;

 

		(d)	providing resources and budget guidance for the Services;

 

		(e)	establishing performance metrics focusing on adherence to milestones, budgets and the objectives of the Services;

 

		(f)	resolving disputes referred to the JSC by the Project Team; and

 

		(g)	discussing reports provided by the Project Team.

 

3.3.3       Decisions
of the JSC shall be made by unanimous agreement of the Parties, with each Party’s representatives having one (1) vote in
the aggregate. For purposes of clarity, decisions by the JSC may be made by as few as one (1) representative from each Party and
in any forum (face-to-face, videoconference, teleconference, etc.). In the event that unanimity is not achieved within the JSC,
either Party may, within thirty (30) days, refer such matter for resolution pursuant to Section 18.15.1.

 

3.3.4       Unless
otherwise agreed to by the Parties in writing, the JSC shall meet once per calendar quarter, in person, or by teleconference or
videoconference.

 

    	 	13	 

     

    

 

3.4       Committee
Minutes. The Party hosting a given Project Team or JSC meeting will be responsible for preparing reasonably detailed written
minutes that reflect, without limitation, material decisions made, action items identified and unresolved matters discussed at
such meetings. The initial draft of the meeting minutes for a given meeting, reflecting key decisions, action items and unresolved
matter, among other details, shall be completed by the end of such meeting and circulated to the other Party for subsequent review
and approval.

 

		4.	TECHNOLOGY TRANSFER

 

4.1      Process
Specifications. From time to time, Iovance shall provide the Process Specifications to Company and such Background Intellectual
Property of Iovance as may be reasonably required by Company to perform the Services hereunder pursuant to a Statement of Work.
For clarity, all right and title to and in such Process Specifications and Iovance’s Background Intellectual Property shall
remain solely vested in Iovance.

 

4.2       Master
Batch Record.

 

4.2.1       Company
will prepare Master Batch Records as required to execute the Process in accordance with the Process Specifications, this Agreement,
any applicable Statement of Work, all Laws, and the Quality Agreement. Iovance will inform Company of any specific requirements
Iovance may have relating to the Master Batch Records, including any information or procedures, including testing procedures, Iovance
wishes to have incorporated therein and Company will reflect any such instructions provided by Iovance in the Master Batch Record.
If Company intends to include in the Master Batch Record the use of any assay, medium, or other technology that either is not commercially
available or is subject to a separate licensing or royalty payment, Company will inform Iovance of such intention in advance and
the Parties will meet to discuss and attempt to agree in good faith on the terms of use of such non-commercially available materials
or technology in the Process. Company will not incorporate any of Company’s Background Intellectual Property, or that of
any Affiliate or Third Party, into the Process or the Master Batch Records without the prior written consent of Iovance.

 

4.2.2       Company
will deliver iterative versions of the Master Batch Record to Iovance on timing set forth in each Statement of Work that calls
for the preparation of a new Master Batch Record. Iovance will notify Company in writing of any objections or comments it has to
the draft Master Batch Record, and upon such notification, representatives of Company and Iovance will meet promptly to resolve
such objections. The Master Batch Record will be final when approved by Iovance and shall be deemed Iovance Confidential Information.

 

		5.	Iovance
MATERIALS

 

5.1       Iovance
Materials. Iovance will provide Company with the materials, and rights with respect to associated intellectual property, set
forth in Appendix B or as expressly stated in a Statement of Work (“Iovance Materials”). All Iovance
Materials supplied to Company shall remain the exclusive property of Iovance. Iovance Materials shall only be used as described
in the applicable Statement of Work, this Agreement, the Quality Agreement and in compliance with all Laws. Under no circumstances
shall Iovance Materials be used in humans without the prior written consent of Iovance.

 

    	 	14	 

     

    

 

5.2       Limitation
on Liability. Company shall not be liable for (i) the accuracy or inherent characteristic, or defect of Iovance Materials,
Iovance Confidential Information, Patient Materials, or other information or material provided by Iovance as such are first provided
or made available by or on behalf of Iovance (collectively, “Materials”) or for any error or defect in the Services
to the extent directly arising out of or related to any such inaccuracies, inherent characteristic or defect in such Materials
at the time first provided or made available nor for (ii) any consequences of such inaccuracies, inherent characteristics or defects
that could not reasonably be avoided by Company, including any delay in Company’s performance of the Services in accordance
with any Statement of Work to the extent directly resulting from such inaccuracies, inherent characteristic or defects in Materials
at the time first provided or made available.

 

5.3       Disclaimer.
ANY MATERIALS PROVIDED BY Iovance HEREUNDER (INCLUDING “MATERIALS”)
ARE PROVIDED WITHOUT REPRESENTATION OR WARRANTY OF ANY SORT, WHETHER WRITTEN OR ORAL, EXPRESS OR IMPLIED, INCLUDING ANY REPRESENTATION
OR WARRANTY OF QUALITY, PERFORMANCE, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AND Iovance
MAKES NO REPRESENTATION THAT THE USE OF SUCH MATERIALS WILL NOT INFRINGE ANY PATENT OR OTHER PROPRIETARY RIGHT OF ANY THIRD PARTY.

 

5.4       Transfer,
Records and Return. Company shall not transfer any portion of the Iovance Materials to any Third Party or use the Iovance Materials
for any purpose other than the purposes of performing its obligations under, and in accordance with, this Agreement, the Quality
Agreement, the applicable Statement of Work, and all Laws. Company shall hold, store and transport all supplies of the Iovance
Materials in compliance with all Laws, this Agreement, the Quality Agreement, and the applicable Statement of Work. Company shall
maintain complete and accurate records relating to the disposition of all Iovance Materials. Within thirty (30) days of the expiration
or termination of any Statement of Work or this Agreement, or Iovance’s request, Company shall return to Iovance, or destroy,
at Iovance’s option, all unused supplies of Iovance Materials.

 

		6.	PATIENT MATERIALS

 

6.1       Handling,
Storage and Use of Patient Materials. As Patient Materials will include biological materials received from individual patients,
as well as intermediates and Product manufactured from Patient Tumors, Company shall handle, use and store Patient Materials strictly
in accordance with this Agreement, the applicable Statement of Work, the Quality Agreement, and all Laws, and, unless otherwise
requested by Iovance in writing, exclusively at the Facility(ies). All Patient Materials shall remain the sole property of Iovance
and shall not be used for any other purpose other than for the performance of obligations under the applicable Statement of Work.

 

6.2       Privacy
and Data Protection. Throughout the Term, Company shall:

 

6.2.1       promptly
inform Iovance of all subcontractors and other Third Parties involved in and the geographic location of all Patient Material data
and any such data flows across country borders that are undertaken by or on behalf of Company in performing the Services;

 

    	 	15	 

     

    

 

6.2.2       use
its material tracking system to ensure that Patient Materials can be traced and identified through the production stream and ultimately
matched with the correct subject. Company shall work with Iovance to incorporate Iovance’s existing clinical coding system
into Company’s Patient Material tracking system, the incorporation of which shall be subject to Iovance’s prior written
approval;

 

6.2.3       Use
Patient Materials only in accordance with Iovance’s instructions, this Agreement, the Quality Agreement, each Statement of
Work, and all Laws, and in good faith performance of its obligations on behalf of Iovance under this Agreement. Where disclosure
is required by Law, Company shall immediately notify Iovance, work with Iovance to take actions Iovance deems necessary with regard
to the disclosure, use its best efforts to limit the disclosure, cooperate with Iovance should Iovance wish to pursue an order
limiting the disclosure, and only disclose the minimum amount of Patient Materials needed to comply with such Law. For the avoidance
of doubt, Company shall not Use any Patient Materials that it may access or otherwise receive under this Agreement for its own
marketing, analytics or other purposes, Company shall not license, sell or otherwise provide Patient Materials to any Third Party
that has not been approved in writing by Iovance and that has not entered into a written agreement obligating it to protect Patient
Materials in accordance with the standards set forth in this Article 6;

 

6.2.4       without
limiting Section 6.1, Use all Personal Information and Patient Materials only in accordance with

 

		(a)	all applicable privacy, security and data protection Laws (including the United States Health Insurance Portability and Accountability
Act of 1996, as amended by the HITECH Act, including the Standards for Privacy of Individually Identifiable Health Information,
and the EU Data Protection Directive 95/46/EC and the General Data Protection Regulation 2016 (when in force)), rules, regulations,
codes of conduct, certifications, bilateral and multilateral privacy and data protection frameworks and enforceable forms of self-regulation,
including those restricting cross border transfer of data,

 

		(b)	all Laws governing biosamples and their use (such as EU Directive 2005/28/EC of 8 April 2005 laying down principles and detailed
guidelines for good clinical practice as regards investigational medicinal products for human use, as well as the requirements
for authorization of the manufacturing or importation of such products) and its various implementation laws in the EU Member States,

 

		(c)	all similar laws in Switzerland as are referenced in the foregoing subsections (a) and (b), such as the Swiss Human Research
Act (as amended in 2014) and the Swiss Federal Data Protection Act, and

 

    	 	16	 

     

    

 

		(d)	all Laws governing outbound telephone calls, transmission of electronic mail, transmission of facsimile messages and any other
communications-related privacy or data protection laws and regulations (including the EU ePrivacy Regulation once it has entered
into force);

 

6.2.5       maintain
control over Patient Materials received by it hereunder and not release Patient Materials, without Iovance’s written consent,
to any person or entity other than the Representatives of Company who (a) are under Company’s direct supervision and control
and (b) have a need to access Patient Materials in connection with this Agreement. Any Representative of Company that is a Third
Party shall first be approved by Iovance prior to receipt of or access to Patient Materials. Company shall further not allow anyone
to take or send Patient Materials to any location other than the Facility(ies), unless written permission is obtained by Company
from Iovance prior to such transfer. Notwithstanding the foregoing, the restrictions in this Section 6.2.4 shall not apply to the
extent specifically requested by Iovance, in which case, Company shall take all Iovance requested action;

 

6.2.6       implement
reasonable physical, technical and administrative safeguards, which shall be in accordance with all Laws, as appropriate for the
sensitivity of the information and Patient Materials, to protect Patient Materials and Iovance Confidential Information received
by Company pursuant to this Agreement from loss, misuse, and unauthorized access, disclosure, alteration or destruction, including
implementation and enforcement of administrative, technical and physical security policies and procedures, and training of all
staff responsible for handling Patient Materials in accordance with the requirements set forth in this Article 6;

 

6.2.7       notify
Iovance within a reasonable period, in no event to exceed seventy-two (72) hours after discovery, or shorter if required by Law
of any unauthorized uses or disclosures of Patient Materials or any Security Incident involving Patient Materials, including any
incident that Company reasonably believes to involve unauthorized access to or disclosure of Patient Materials, of which it becomes
aware; provided, further, that if Company (or any of its Representatives, or their personnel) is responsible for the Security Incident,
Company shall promptly take all necessary and appropriate corrective action. All corrective actions shall be subject to Iovance’s
prior written approval. Company shall reasonably cooperate with Iovance in its investigation of a Security Incident, whether discovered
by Company, Iovance or a Third Party, which shall include providing Iovance a detailed description of the Security Incident, the
identity of the Patient Materials affected, and any other information Iovance reasonably may request concerning such Security Incident,
as soon as such information can be collected or otherwise becomes available. Company shall pay for or reimburse Iovance for all
costs, losses and expenses relating to any Security Incident arising from Company’s gross negligence or willful misconduct,
including costs of forensic assessments and breach notifications, as applicable, and all other remedies required by Law. “Security
Incident” shall mean any actual or suspected event in which Patient Materials is or may have been lost, stolen, improperly
altered or destroyed, improperly accessed, or used for a purpose not permitted under this Agreement;

 

6.2.8       cooperate
with Iovance to respond to any inquiries regarding practices related to the Use of Patient Materials in connection with this Agreement;
and

 

    	 	17	 

     

    

 

6.2.9       obligate
its Representatives, or any personnel thereof, to adhere to the standards as described in this Article 6.

 

6.3       Personal
Information. Iovance shall use commercially reasonable efforts to not provide, and Company shall not receive, any patient identifying
information, including Personal Information. In the event that Company receives any patient identifying information, including
Personal Information, Company shall (a) immediately notify Iovance, and (b) take tangible actions, including implementing any necessary
security and/or protection precautions, as may be directed by Iovance.

 

6.4       Return
or Destruction. Company shall return or destroy all unused or leftover Patient Materials received from, or on behalf of, Iovance,
or otherwise received by Company on behalf of Iovance upon the earlier of (a) thirty (30) days after completion or termination
of the Services utilizing such Patient Materials or (b) Iovance’s request, and in accordance with all Iovance written instructions,
including confirmation of destruction. Company shall not retain such Patient Materials, except as set forth in the Quality Agreement.

 

6.5       Breach.
Company shall be responsible for any and all breaches of this Article 6 by its Representatives.

 

		7.	MANUFACTURE OF PRODUCT; ORDER PROCESS; DELIVERIES

 

7.1       Manufacture
by Company. Iovance shall provide the requisite Iovance Materials (including, to the extent applicable, Patient Materials),
and information related to such Iovance Materials, as is required for Processing by Company into Product in accordance with the
timing set forth in the applicable Statement of Work. Company will perform such Services as set forth in this Agreement, the Quality
Agreement and the applicable Statement of Work. Company shall handle and store all quantities of Product, Patient Materials and
any other materials used in the Services in accordance with the terms and conditions of this Agreement (including the applicable
Specifications), the Quality Agreement, the applicable Statement of Work, and all Laws.

 

7.2       Quality
Agreement. The Parties have entered into the Quality Agreement, which sets forth the respective quality assurance and regulatory
responsibilities of the Parties.

 

7.3       Delivery.
Product shall be delivered FCA (Incoterms 2010) Company Facility. Transportation of Product or Materials, whether or not under
any arrangements made by Company, will be at the sole risk and expense of Iovance. Product shall be made available for shipment
in accordance with the Quality Agreement.

 

7.4       Shipment.
Company will package and label Product for shipment in accordance with the Master Batch Record, Specifications, any written instructions
provided by Iovance, the applicable Statement of Work, this Agreement, the Quality Agreement, and all Laws. Such packaging and
labelling shall further comply with Company’s SOPs to the extent they do not conflict with the foregoing. At its sole discretion,
Iovance will arrange or Iovance will instruct Company to arrange the transportation of Product or Iovance Materials from Company’s
Facility to the destination indicated by Iovance in accordance with the applicable Statement of Work and the Quality Agreement,
and, if applicable, Iovance’s written requests, instructions, and directions.
All reasonable, pre-approved costs and expenses incurred by Company in complying with this Section 7.4 will be charged to
Iovance in accordance with the applicable Statement of Work.

 

    	 	18	 

     

    

 

7.5       Inspection.
Iovance shall arrange for the examination of the Product or Iovance Materials by recipient as soon as practicable after receipt.
Notice of all claims arising out of: (1) visible damage to or total or partial loss of Product in transit or (2) non-delivery shall
be given in writing to Company and the carrier as soon as possible by Iovance or Iovance’s designee.

 

7.6       Damaged
Product or Iovance Materials. To the extent possible, Iovance or Iovance’s designee shall make damaged Product or Iovance
Materials and associated packaging materials available for inspection and shall reasonably comply with the requirements of any
insurance policy covering the Product or Iovance Materials. Company shall provide reasonable assistance to Iovance in pursuing
any claims arising out of the transportation of Product or Materials.

 

7.7       Low
Yield. Company shall notify Iovance in writing as soon as Company becomes aware of an anticipated low yield of Product (e.g.,
a Batch is not expected to yield the number of cells anticipated for the particular Patient Material type as set forth in the Statement
of Work or Specifications or any other circumstances that may lead to a low yield or inadequate Product volume) and such notification
shall include the relevant circumstances, including the underlying reasons (if known at the time of notification) for such low
yield (e.g., available quantities of materials, equipment problem, manufacturing capacity or other resources needed in the manufacture
of Product), proposed remedial measures, and the date such shortage is expected to end. To the extent that a low yield of Product
meets the definition of a deviation under the Quality Agreement, the low yield shall further be subject to the deviation procedures
in the Quality Agreement.

 

7.8       Storage,
Waste. Company shall, in accordance with all Laws, this Agreement (including the Specifications), the applicable Statement
of Work, and Quality Agreement, maintain adequate storage accommodations for all of the materials, Patient Materials and Product.
In connection with the Services, Company shall be solely responsible for maintaining safety procedures in connection with the production
and manufacture of Product and for the generation, treatment, storage, transportation and/or disposal of waste relating thereto,
all of which shall comply with all Laws, including all applicable environmental and occupational safety and health requirements
in the jurisdiction of the applicable Facility, this Agreement, the applicable Statement of Work, and the Quality Agreement. Company
shall supply certificates of destruction to Iovance upon Iovance’s request therefor.

 

7.9       Changes
and Change of Control. Company shall not make any amendments, changes or supplements to the Product Specifications without
Iovance’s prior written consent. Company shall further not make any amendments, changes or supplements to the Products or
Services, including to the raw materials used in the Process (including the specifications therefor or the source thereof), equipment
and machinery, the test methods used in connection with the Services and/or Products, the Process and/or Process Specifications,
approved, qualified, validated, and/or verified methods (including the method of qualification, validation and/or verification),
or the cleaning process or procedures, to the extent that any amendment, change or supplement could reasonably have a direct impact
on the quality, safety, purity, potency, or performance of Product or require submissions to or approvals from any regulatory authority
or other review authority, such as Institutional Review Boards, without Iovance’s prior written approval. All other changes,
amendments, and supplements shall be provided to Iovance in the Product Documentation, as defined in the Quality Agreement. All
permitted amendments, changes, or supplements shall, in each instance, comply with all Laws and shall be made in accordance with
this Agreement, each Statement of Work, and the Quality Agreement. In the event that any amendment, change or supplement is required
in order to comply with Law or is required by a regulatory authority or other review authority, including Institutional Review
Boards, Company shall immediately notify Iovance in writing. All such amendments, changes, and supplements required in order to
comply with Law or that are required by a regulatory or other review authority shall be subject to Iovance’s written approval
and notification requirements of this Section. Notwithstanding the foregoing, if any amendment, change or supplement requires submissions
to or approvals from any regulatory authority or other review authority, including Institutional Review Boards, Company shall not
implement such amendment, change or supplement until such submission to or approval has been made and/or obtained by Iovance. All
such submissions and approvals shall be subject to Section 10.2. The process for Company and Iovance requested amendments, changes
and supplements, as well as implementation of all such amendments, changes and supplements shall be further specified in the Quality
Agreement.

 

    	 	19	 

     

    

 

		8.	RECORDS; REPORTS

 

8.1       Records.

 

8.1.1       Company
will maintain accurate and complete records of documents, accounts, invoices, records and/or other information relating to the
Services, including as required by this Agreement, the applicable Statement of Work, the Quality Agreement, all Laws and generally
accepted industry practices and standards, and all procedures, records, reports and findings in connection with Company’s
(or its subcontractor’s, as applicable) audit of the suppliers of materials. Company will retain possession of all Batch
Records (which Batch Records shall be made accessible through a secured electronic portal) and Company Operating Documents, and
will make such records and documents available for review and, solely with respect to Batch Records, copy by Iovance at the Facility
upon Iovance’s request. Without limitation, Iovance may inspect data and records related to Services, including deviations,
discrepancies, out-of-Specifications, failures, investigations, and Batch-specific environmental monitoring data, water and testing
data, and Process data as reasonably requested by Iovance. Company Operating Documents will remain Company Confidential Information.
Notwithstanding the foregoing, Iovance will have the right to use and reference through a Drug Master File, or other such means
as agreed to by the Parties, those portions of Company Operating Documents if required by Law for Iovance to fulfill its responsibilities
under such Law, or as required for any filings, submissions, interactions, or communications with any applicable regulatory authority,
review authority, including Institutional Review Boards, or clinical trial investigators, sites, and/or subjects. Company shall
maintain all records in connection with this Agreement for the longer of (a) ten (10) years after the completion of the Services
giving rise to such records; or (b) the period that Company is required by Laws to retain such records for recordkeeping, testing
and regulatory purposes. Company shall not dispose of or otherwise destroy any such records without notifying Iovance, obtaining
Iovance’s written approval for such disposal or destruction, and allowing Iovance to take control of such records (excluding
Company Operating Documents) at Iovance’s reasonable cost and expense. All such records shall be protected from alteration,
destruction, and Security Breaches.

 

    	 	20	 

     

    

 

8.1.2       Without
limiting the foregoing Section 8.1.1, each Party shall maintain, in accordance with and for the period required under this Agreement,
the Quality Agreement, each Statement of Work, and all Laws, complete and adequate records pertaining to the Services, including
validation data, stability testing data, as applicable, Batch Records, and the methods and Facilities used for the Services.

 

8.2       Iovance
Regulatory Requirements. Company shall provide Iovance with all requested records, Reports, and documentation related to the
Services as required under Law or for any filings, submissions, interactions, or communications with any applicable regulatory
authority review authority, including Institutional Review Boards, or clinical trial investigators, sites, and/or subjects; provided,
that, to the extent the requested documentation is a Company Operating Document, Company shall provide such documentation to Iovance
or, subject to Iovance’s prior review, directly to the applicable regulatory authority. The Company will also promptly cooperate
with Iovance and respond to all inquiries, audits or information requests etc. from data protection agencies or data subjects,
at the Company’s own expense, that Iovance or the Company may receive and that pertain to Personal Information or to any
Laws mentioned under Section 6.2.4.

 

8.3       Language.
All records and Reports shall be written in or translated into English and in the form as required under the applicable Statement
of Work.

 

8.4       Ownership.
Except to the extent required by Law, Iovance shall be the sole owner of the records generated through or in connection with the
performance of the Services (excluding Company Operating Documents) and Reports and all rights, title and interest in and to such
records and Reports shall vest solely with Iovance. Such records and Reports shall constitute Iovance Confidential Information
and are subject to the provisions of Article 12 hereof. Company further agrees to execute any documents or undertake any further
actions if requested by Iovance to evidence transfer of title to such records and Reports. Company shall not use such records or
Reports for any use, commercial or noncommercial, other than for performing its obligations hereunder, without Iovance’s
prior written consent. Notwithstanding anything to the contrary in this Agreement, all such records and Reports and the possession/retention
thereof will be subject to the terms of this Section 8.

 

		9.	PRODUCT WARRANTIES; INSPECTION AND RELEASE

 

9.1       Product
Warranties. Unless otherwise requested by Iovance in writing, as further specified in Section 12 and 13 of the Quality Agreement,
Company represents, warrants and guarantees that any Product at the time of delivery pursuant to Section 7.3:

 

9.1.1       conforms
to the Specifications;

 

9.1.2       was
subject to Services performed in accordance with the Master Batch Record and Process Specifications;

 

    	 	21	 

     

    

 

9.1.3       was
subject to Services performed in accordance with this Agreement, the applicable Statement of Work, the Quality Agreement, and all
Laws;

 

9.1.4       was
manufactured in Facilities that are in compliance with all Laws at the time of such manufacture;

 

9.1.5       unless
otherwise requested by Iovance in writing, as further specified in Section 12 and 13 of the Quality Agreement, the article comprising
each shipment or other delivery hereafter made by Company to, or on the order of Iovance is hereby guaranteed as of the date of
such shipment or delivery, to be, on such date, not adulterated by Company within the meaning of the Federal Food, Drug and Cosmetic
Act, or similarly designated under other Laws of equivalent intent or effect, and not an article which may not, under the provisions
of section 404, 505, or 512 of the Federal Food, Drug, and Cosmetic Act, be introduced into interstate commerce, or similarly designated
under other Laws of equivalent intent or effect; and

 

9.1.6       is
being transferred to Iovance free and clear of any pledge, lien, restriction, claim, charge, security interest and/or other encumbrance,
except as such existed prior to transfer to Company hereunder.

 

The foregoing representations and warranties
set forth in Sections 9.1.1 through 9.1.6, inclusive, shall be deemed the “Product Warranties”.

 

9.2       Product
Inspection, Shipment and Release.

 

9.2.1       
When the Product ordered by Iovance is ready for shipment, Company will immediately notify Iovance. Product shipment and release
procedures, including terms regarding Iovance requests for shipment, shall be specified in the Quality Agreement.

 

9.2.2       In
the event that Product does not meet the Product Warranties, then, at Iovance’s option, which such option shall be articulated
in writing, Company shall: (i) destroy such Product, in compliance with Law and all written instructions provided by Iovance, and
if such Product’s non-conformance is due to Company’s negligence or willful misconduct, then Company shall produce
for Iovance another Batch of Product to replace the non-conforming Product at no additional cost to Iovance, or (ii) re-process
such Product in accordance with written instructions provided by Iovance to produce for Iovance another Batch of Product to replace
the non-conforming Product at no additional cost to Iovance; provided, that, if Company is unable to replace or re-process Product,
as applicable, Company shall refund to Iovance the price of the manufacturing run, raw materials (excluding Patient Materials)
and associated testing for that non-conforming Product. Company shall adhere to any instructions provided by Iovance with respect
to the disposition of any such non-conforming Product, including delivering such Product to Iovance for further testing. The Parties
shall reasonably cooperate to investigate the cause of any such non-conformance. The rights and remedies set forth in this Section
9.2.2 constitute the exclusive rights and remedies of Iovance in respect of the matters identified under this Section 9.2.2 and
9.2.3.

 

    	 	22	 

     

    

 

9.2.3       Should
either Party discover any Product non-conformance, deficiency, or deviation following the release, issuance of a COA by Company
or Iovance, shipment, administration, and/or infusion of Product, immediate notice shall be provided to the other Party. In such
circumstances, the Parties shall follow the applicable procedures specified in the Quality Agreement. In the event that an investigation
concludes that such Product non-conformance, deficiency, or deviation had an adverse impact on Product quality so as to render
the Product to be unusable and such non-conformance, deficiency, or deviation is due to Company’s negligence or willful misconduct,
then at Iovance’s discretion, such non-conforming Product may be treated in accordance with Section 9.2.2. Further terms
regarding Product non-conformance and deviations shall be specified in the Quality Agreement. The rights and remedies set forth
in this Section 9.2.3 constitute the exclusive rights and remedies of Iovance in respect of the matters identified under this Section
9.2.3, except that where such unusable Product led to a clinical adverse event that gave rise to an indemnifiable Loss, then the
rights and remedies under Section 17 also apply.

 

		10.	REGULATORY MATTERS; INSPECTIONS; Iovance
ACCESS

 

10.1     Permits
and Approvals. During the Term, Company will maintain all licenses, permits, registrations, identifications and approvals necessary
for the performance of the Services in the Facility(ies). Company will promptly notify Iovance if Company receives notice that
any such license, permit, or approval is or may be revoked or suspended, or otherwise limited, or should Company receive notification
of any investigation, threat, pending, current, or future proceeding, or notice of the foregoing.

 

10.2     Inspections
by and Interactions with Regulatory Agencies.

 

10.2.1       Inspections
and Regulatory Authority Interactions. Company will allow representatives of any regulatory agency to inspect the relevant
parts of the Facility(ies) where the Services are carried out and to inspect any relevant documentation and records, including
the Master Batch Record and Batch Records, as such regulatory agency is authorized to inspect by Law, to verify compliance with
all Laws and other practices or regulations. Company will immediately notify Iovance of the scheduling of, or without scheduling
when a regulatory inspection begins, any such inspection and, if possible, will permit Iovance’s attendance at and participation
in any such inspection to the extent such inspection is related to the Products and/or Services or would reasonably be expected
to affect Company’s ability to perform its obligations under this Agreement. Company will promptly send to Iovance a copy
of (or in the case of oral interactions, summaries or minutes of) any communications, reports, citations, inspectional findings,
establishment inspection reports, FDA Form 483s, warning letters, untitled letters, or other assertions of noncompliance received
by Company from a regulatory authority that is related to or would reasonably be expected to otherwise impact the Products and/or
Services.

 

10.2.2       Interactions.

 

		(a)	To the extent permitted by the relevant regulatory authority and by Law, Iovance shall be solely and exclusively responsible
for all interactions and communications with and reports to the applicable regulatory authorities related to the Products and/or
Services.

 

    	 	23	 

     

    

 

		(b)	To the extent that the relevant regulatory authority will not or is not permitted by Law to directly interact with Iovance,
copies of (or summaries in the case of oral communications, interactions, and reports) all interactions and communications with,
and reports to, the applicable regulatory authority related to the Products and/or Services (whether written or oral) shall be
submitted to Iovance by Company, in reasonable and sufficient time prior to submission to the applicable regulatory authority,
for Iovance’s prior review and approval. For clarity, this may include Iovance providing on-site, but indirect, assistance
to Company in connection with a regulatory interaction. Company will incorporate all of Iovance’s comments in good faith
that are factually accurate and not contrary to Company’s responsibility under Law.

 

		(c)	Company shall be responsible for all interactions and communications with and reports to the applicable regulatory authorities
that are not related to the Products and/or Services, but that could reasonably be expected to impact the Products and/or Services.
Company, however, shall provide copies of all communications, interactions, and reports proposed for submission (or summaries in
the case of oral communications, interactions, and reports) that could reasonably be expected to impact the Product and/or Services,
to Iovance, in reasonable and sufficient time prior to submission to the applicable regulatory authority, for Iovance’s prior
comment. Company will consider all of Iovance’s comments in good faith.

 

		(d)	In addition to the requirements of the foregoing subsections (b) and (c), Company shall furnish Iovance with final copies (or
summaries or minutes in the case of oral communications, interactions, and reports) of all communications and interactions with,
and reports to any applicable regulatory authority that relate to or could reasonably be expected to otherwise impact the Products
and/or Services.

 

		(e)	After any of the foregoing interactions, communications, or reports, Company shall notify Iovance and provide Iovance with
copies (or summaries or minutes in the case of oral communications, reports, and interactions) of any further communications with
or received from, or reports to such regulatory agency relating to the subject matter of the response to the extent such response
relates to the Products and/or Services or could reasonably be expected to impact the Products and/or Services. Any further interactions
and communications with, or reports to the applicable regulatory authority to the extent related to the Products and/or Services
or could reasonably be expected to impact the Products and/or Services shall be governed by the terms of this Section 10.2.2 (including
with respect to Iovance’s right to comment on and/or approve the interaction, communication, or report prior to any submission
to a regulatory authority), applied mutatis mutandis. Company shall further keep Iovance promptly and fully informed of
the steps taken by Company to resolve any outstanding issues with such regulatory agency and the anticipated timetable of resolution
of such issues to the extent that they do not involve interactions and communications with, or reports to an applicable regulatory
authority, which shall be subject to Iovance’s prior written approval to the extent such steps relate to the Products and/or
Services, or which shall be subject to Iovance’s comment prior to implementation to the extent such steps could reasonably
be expected to impact the Products and/or Services. In the former case, Company shall incorporate all of Iovance’s comments
in good faith. In the latter case, Company will consider all of Iovance’s comments in good faith.

 

    	 	24	 

     

    

 

10.2.3       All
documentation, summaries, minutes and information provided to Iovance by Company under this Section may be redacted for any Third
Party confidential or proprietary information.

 

10.2.4       Company
shall take all necessary, requested, or required corrective actions as a result of any communications, reports, citations, inspectional
findings, establishment inspection reports, FDA Form 483s, warning letters, untitled letters, or other assertions of noncompliance
received by Company from a regulatory authority that are related to or may otherwise impact the Products and/or Services and shall,
as agreed to by the Parties, update Iovance on the implementation of such corrective actions. As requested by Iovance, Company
shall confer with Iovance on, and seek Iovance’s prior written consent before implementing, such corrective actions to the
extent they impact the Products and/or Services or affect Company’s ability to perform its obligations under this Agreement.

 

10.2.5       Company
shall provide Iovance with all information, records, documentation, and assistance that Iovance may request and that is reasonably
necessary or useful for Iovance to address any interaction or communication with, or report to a regulatory authority; provided,
that, to the extent the requested documentation is a Company Operating Document, Company shall provide such documentation to Iovance
or, subject to Iovance’s prior review, directly to the applicable regulatory authority.

 

10.3     Other
Interactions. Interactions and communications with any clinical trial site, investigator, subject, and/or Institutional Review
Boards, as well as with any other manufacturing establishments and/or consignees pursuant to 21 C.F.R. § 1271.160 shall be
governed by the Quality Agreement.

 

10.4     Inspections
by Iovance.

 

    	 	25	 

     

    

 

10.4.1       At
agreed-upon dates and times, which agreement Company shall not unreasonably withhold, condition or delay, Iovance and/or its Representatives
may visit, inspect, or audit any Facility and/or Services, be present in any Facility during the performance of the Services, and
review documents, operations, procedures, and records as they pertain to the performance of the Services, including to: (a) determine
Company’s compliance with, to the extent applicable, the requirements of this Agreement and the Quality Agreement; (b) inspect
for compliance with Law (including, to the extent applicable, cGMPs, and environmental, health and safety Laws); (c) perform risk
and loss control assessments to support Iovance’s insurance and self-insurance programs; (d) inspect storage facilities and
quality systems for Product; (e) review Company’s practices, controls, technologies, and procedures with regard to the electronic
storage, access, and transmission of records, reports, data, and information relating to the Services to conduct and (f) review,
copy (excluding Company Operating Documents), and audit records of Company with respect Company’s performance of its obligations
with respect to the Services or Products. As part of Iovance’s audit or inspection of a Facility, Iovance’s audit or
inspection may include the auditing or inspection of any documentation of Company’s suppliers (including suppliers of materials)
and Third Party service providers who perform Services, to the extent it relates to the Products and Services, including documentation
relating to the Company’s Third Party service providers who perform Services and/or supplier qualification procedures; the
initial and ongoing qualification (including any appropriate validation or verification of Services, including, to the extent applicable,
equipment to be used by any such Third Party) of any Third Party service provider who performs Services, including risk assessments,
audit reports or questionnaires, and associated corrective actions. Should, in Iovance’s reasonable judgment, Iovance need
to conduct a for-cause audit, Iovance shall provide Company with two (2) days’ prior written notice where practicable and
where such notice would not frustrate the purpose of the audit in Iovance’s reasonable determination.

 

10.4.2       In
accordance with the terms of the applicable agreement with Company and Third Party manufacturers, suppliers, or other persons or
entities providing Services, Iovance may participate in or independently conduct, itself or through a Representative, an audit
or inspection of Company’s Third Party manufacturers, suppliers, or other persons or entities providing Services in furtherance
of this Agreement. Company’s quality assurance department shall cooperate with Iovance, as necessary or useful, in any such
inspection or audit.

 

10.4.3       In
the event Iovance identifies any deficiency with respect to the performance of the Services or compliance with this Agreement,
the Quality Agreement or any applicable Statement of Work during any inspection, audit, or review pursuant to Section 10.4.1 or
10.4.2, or otherwise, Iovance shall notify Company of such deficiency. Company shall investigate and respond to any such deficiency,
including the timely implementation of a corrective action plan (if, and as applicable), the process for which shall be further
set forth in the Quality Agreement. Company shall fully implement any such corrective action plan prior to producing any further
Product; provided, however, that Iovance may (but shall not be obligated to), in its sole discretion, accept Product and/or request
the production of Product from Company prior to completion of the corrective action. During the pendency of such deviation(s) and/or
corrective action(s), Company shall comply with Iovance’s instructions concerning the shipment of Product and/or the continued
provision of Services. Iovance shall have the right to review all relevant documentation in connection with such deficiency and
corrective action. If the corrective actions taken do not reasonably address a deficiency that would reasonably impact Product
quality, then Iovance shall have the right to terminate this Agreement effective immediately pursuant to Section 16.2 and without
any further cure period under Section 16.2. The rights and remedies set forth in this Section 10.4.3 constitute the exclusive rights
and remedies of Iovance with respect to the subject matter herein, except that where such deficiency causes Iovance to experience
a related cost, loss or expense, then the foregoing limitation does not constitute a waiver of any right otherwise available to
Iovance under this Agreement or at law.

 

    	 	26	 

     

    

 

10.4.4       In
the event an audit or inspection of a Third Party service provider who performs Services or raw material supplier reveals a material
quality compliance issue related to the Services, Iovance shall have the right to direct Company promptly identify and qualify
a new Third Party, or raw material supplier, as applicable, acceptable to and approved by Iovance in writing and to provide the
Services or raw materials impacted by such material quality compliance issue, as applicable. Notwithstanding the foregoing, Company
shall be fully responsible for sourcing and testing of materials (other than Iovance Materials), and qualification and management
of its subcontractors, supplier(s) of materials (other than Iovance Materials), and Third Parties providing Services under an applicable
Statement of Work.

 

10.4.5       Company
shall ensure that Third Parties involved in the performance of the Services (or any component thereof including materials suppliers)
permit and afford Iovance the same rights as set forth in Section 10.4.1; provided that if Company expects that it will not be
able to include all such terms and conditions in its agreement with a particular Third Party or supplier, Company shall notify
Iovance of same and the Parties will discuss and mutually agree upon an appropriate course of action; provided further that if
the Parties do not agree on an appropriate course of action and any such Third Party or supplier does not afford Iovance such rights,
then Iovance shall have the right to terminate this Agreement effective immediately.

 

10.4.6       For
clarity, any such inspection or audit (or failure to inspect or audit) shall not relieve Company of its obligation to comply with
all Laws, each Statement of Work, this Agreement and the Quality Agreement and does not constitute a waiver of any right otherwise
available to Iovance. In addition, for critical raw material suppliers as well as for Third Party manufacturers of Product, Company
shall be required to audit each and Iovance shall have the right to review the audit reports and findings and Company’s procedures
for auditing such suppliers.

 

10.4.7       While
on-site at a Facility, Iovance will abide by standard policies, operating procedures and the security procedures established by
such Facility with respect to conduct at such Facility provided to Iovance in advance in writing and with any reasonable instructions
or requests by Company while at such Facility, which could not reasonably be provided to Iovance in advance. During any such on-site
visit of the Facility, Iovance will cooperate with Company in taking reasonable precautions to avoid exposure of its Representatives
to information regarding activities unrelated to Product manufactured for Iovance. Notwithstanding the above, Company shall not
impose any restrictions or other procedures that would impede Iovance’s ability to conduct a reasonable and comprehensive
audit.

 

10.5     Iovance
Access. Without limiting Iovance’s obligations under Section 10.4.7, Representatives of Iovance may act as a person-in-plant
and observe the Services. For the avoidance of doubt, Iovance Personnel may not physically participate in the production or manufacture
of any Product that may be used in or on humans.

 

    	 	27	 

     

    

 

10.6     Procedures.
Representatives of Iovance working at, visiting, or otherwise having access to a Facility will abide by applicable Company Operating
Documents, standard policies and security procedures with respect to conduct at such Facility provided to Iovance in advance in
writing and with any reasonable instructions or requests by Company while at such Facility, which could not reasonably be provided
to Iovance in advance. During any such on-site work, visit, or access to a Facility, Iovance will cooperate with Company in taking
reasonable precautions to avoid exposure of its Representatives to information regarding activities unrelated to Product or the
Services. Representatives of Iovance working at the Facility will be and remain employees of Iovance, and Iovance will be solely
responsible for the payment of compensation for such Representatives of Iovance (including applicable federal, state and local
withholding, FICA and other payroll taxes, workers’ compensation insurance, health insurance, and other similar statutory
and fringe benefits).

 

		11.	FINANCIAL TERMS

 

11.1     Payments.
Iovance will make payments to Company in the amounts and as set forth in the applicable Statement of Work.

 

11.2     Invoices.
In accordance with payment schedule set forth in the applicable Statement of Work, Company will provide Iovance with invoices each
setting forth a detailed account of amounts payable by Iovance. The undisputed amounts set forth in each such invoice will be due
and payable within sixty (60) days of receipt of such invoice by Iovance. Iovance will have the right to audit any necessary documents
associated with such invoices either by itself or by a certified public accountant (“CPA”) reasonably acceptable
to Company. In case the audit of the CPA reveals a discrepancy that resulted in (a) an overpayment by Iovance to Company, then
Company shall credit the deviated amount with the next invoice to Iovance (or if no more invoices are required Company shall promptly
pay such amount to Iovance), or (b) an underpayment by Iovance to Company, then Iovance shall promptly pay such amount to Company.
In the event an invoice is disputed, the Parties shall work together in good faith to resolve such dispute as expeditiously as
possible and payment on any such disputed amount shall be due thirty (30) days after the dispute is resolved.

 

11.3     Taxes.
Iovance agrees that it is responsible for and will pay any sales, use or other taxes (the “Taxes”) resulting
from Company’s production of Product under this Agreement (except for income or personal property taxes payable by Company).
Company will list the Taxes as separate line item(s) in the applicable invoices. Company will not collect any sales and use taxes
from Iovance in connection with the production of any Product hereunder if Iovance provides to Company the appropriate valid exemption
certificates.

 

11.4     Method
of Payment. All payments to Company hereunder by Iovance will be in United States currency and will be by check, wire transfer,
money order, or other method of payment approved by the Parties.

 

11.5     Iovance
shall not have the right to set off any of its payment obligations owed to Company against any damages, credits, claims or charges
assessed by Iovance against Company.

 

    	 	28	 

     

    

 

11.6     Late
Payment. In the event of a default of payment of any amounts by Iovance on the due date, then (a) interest shall accrue on
any amount overdue at the annual rate of one per cent (1%) above the prime rate of interest published from time to time in the
Wall Street Journal (or similar successor rate), interest to accrue on a day to day basis both before and after judgment; and (b)
Company shall, without prejudice to any other of its accrued rights, be entitled to suspend or immediately terminate those Services
and/or Statement(s) of Work to which such late payment relates.

 

		12.	CONFIDENTIAL INFORMATION

 

12.1     Definition.
“Confidential Information” means all confidential, proprietary and/or trade secret information or materials
owned or controlled by a Party, including technical, scientific and other know-how and information, trade secrets, knowledge, technology,
means, methods, processes, practices, formulas, instructions, skills, techniques, procedures, controls, specifications, data, results
and other material, pre-clinical and clinical trial results, manufacturing procedures, test procedures and purification and isolation
techniques, other procedures related to the Services, and any tangible embodiments of any of the foregoing, and any scientific,
manufacturing, marketing and business plans, any financial and personnel matters relating to a Party or its present or future products,
sales, suppliers, customers, employees, investors or business, that has been disclosed by or on behalf of such Party to the other
Party either in connection with the discussions and negotiations pertaining to this Agreement or in the course of performing this
Agreement, or that has been developed under this Agreement. Without limiting the foregoing, (a) the terms of this Agreement are
deemed the “Confidential Information” of both Parties and will be subject to the terms and conditions set forth in
this Article 12, and (b) the Product, the Process, the Master Batch Record, Specifications, and all other Intellectual Property
of Iovance and/or its Affiliates (including New Iovance Intellectual Property) are deemed Iovance Confidential Information, as
to which Iovance will be deemed the disclosing Party and Company will be deemed the receiving Party in all circumstances, and are
subject to the terms and conditions of this Article 12.

 

12.2     Exclusions.
Notwithstanding the foregoing Section 12.1, any information disclosed by a Party to the other Party will not be deemed “Confidential
Information” to the extent that such information:

 

12.2.1       At
the time of disclosure is in the public domain, other than as a result of a breach of an obligation of confidentiality or non-use
or other misappropriation;

 

12.2.2       Becomes
part of the public domain, by publication or otherwise, other than as a result of a breach of an obligation of confidentiality
or non-use or other misappropriation;

 

12.2.3       At
the time of disclosure is already in possession of the Party who received such information, without restriction as to confidentiality
or use, as established by contemporaneous written records;

 

12.2.4       Is
lawfully provided to a Party, without restriction as to confidentiality or use, by a Third Party lawfully entitled to possess and
make unrestricted disclosures of such information; or

 

    	 	29	 

     

    

 

12.2.5       Is
independently developed by a Party without use of or reference to the other Party’s Confidential Information, as established
by contemporaneous written records.

 

12.3     Disclosure
and Use Restriction. Each receiving Party agrees to keep confidential all Confidential Information it receives and not to disclose,
transfer or use it for any purpose other than as expressly permitted under this Agreement. The receiving Party will not use the
Confidential Information of the other Party for any purpose other than the performance of its obligations and exercise of its rights
under this Agreement. Subject to the terms of Article 8, the receiving Party (a) agrees to return or destroy promptly (and certify
such destruction) at the owning Party’s request all Confidential Information of the owning Party, and (b) if not earlier
requested, upon termination of this Agreement, shall promptly return to the disclosing Party such Confidential Information, and
shall destroy all copies thereof, together with all notes, drawings, abstracts and other information relating to the disclosing
Party’s Confidential Information prepared by the receiving Party or any of its representatives, regardless of the medium
in which such information is stored; provided, however, that the receiving Party may maintain one (1) archival copy of the disclosing
Party’s Confidential Information, which such archival copy shall remain subject to the obligations of confidentiality and
non-use set forth herein. The return or destruction of the Confidential Information as provided above shall not relieve the receiving
Party of its other obligations under this Article 12.

 

12.4     Security
and Use. Each receiving Party agrees to (i) institute and maintain reasonable and customary security procedures to identify,
protect and account for all copies of Confidential Information of the disclosing Party, and (ii) limit disclosure of the disclosing
Party’s Confidential Information to its Representatives having a need to know such Confidential Information for purposes
of the receiving Party exercising its rights and performing its obligations under this Agreement; provided that such Representatives
are informed of the confidential nature of the information, and are subject to obligations of confidentiality, non-disclosure,
non-use and inventions similar to and at least as restrictive as those set forth in this Agreement. The receiving Party shall notify
the owning Party as promptly as practicable of any unauthorized use or disclosure of the Confidential Information, but in any event
no later than seventy-two (72) hours thereafter; provided, that, for clarity, such notification shall not excuse the receiving
Party from any liability in connection with such unauthorized use or disclosure.

 

12.5     Government-Required
Disclosure. If a duly constituted government authority, court or regulatory agency orders that a Party hereto disclose information
with respect to which it is subject to an obligation of confidentiality under this Agreement, such Party shall comply with the
order, but shall (a) give prompt written notice to the disclosing Party of the proposed disclosure, and allow the disclosing Party
at least thirty (30) days to object to all or any portion of the disclosure before it is disclosed; (b) if advance notice is not
possible, provide written notice of disclosure immediately thereafter; (c) to the extent possible, minimize the extent of such
disclosure; and (d) use reasonable efforts to secure confidential treatment of such information prior to its disclosure (whether
through protective orders or otherwise), it being understood that any information so disclosed shall otherwise remain subject to
the limitations on use and disclosure hereunder. The Party permitted to disclose any Confidential Information under this Section
shall take into consideration all comments and objections raised by the other Party. The Party permitted to disclose any Confidential
Information under this Section shall further cooperate with and provide the other Party with the opportunity to seek any protective
order reasonably deemed necessary by such Party.

 

    	 	30	 

     

    

 

12.6     Permitted
Iovance Disclosure. Notwithstanding anything else in this Agreement, Iovance shall further be permitted to disclose information
subject to an obligation of confidentiality under this Agreement to the extent reasonably necessary for Iovance to comply with
any Laws, make any filings, submissions or reports to an applicable regulatory authority, and to preserve the safety of any subjects
in a Iovance clinical trial.

 

12.7     Publicity.
Neither Party will refer to, display or use the other’s name, trademarks or trade names confusingly similar thereto, alone
or in conjunction with any other words or names, in any manner or connection whatsoever, including any publication, article, or
any form of advertising or publicity, except with the prior written consent of the other Party. Neither Party shall disclose to
any Third Party nor to the public generally (a) the terms of this Agreement, or (b) the specific relationship between the Parties
established hereunder, except where such disclosure is necessary for Regulatory Approval of Product. Notwithstanding the foregoing,
the Parties shall have the right to disclose the material commercial terms of this Agreement to any potential acquirer, merger
or commercial partner or significant investor; provided, however, that prior to any such disclosure, such Party (1) shall require
the intended recipient to sign an undertaking agreeing to accord confidential treatment to such information at least as restrictive
as the terms set forth herein and not use such information except to evaluate the proposed acquisition, merger, commercial arrangement
or investment, and (2) shall take such other steps reasonably necessary to secure confidential treatment of such information.

 

		13.	INTELLECTUAL PROPERTY

 

13.1     Generally.
For purposes of this Agreement, “Intellectual Property” means collectively all legal rights in works or ideas,
including any patents, copyrights, trade secrets, know-how, inventions (whether or not patentable), discoveries, improvements,
and all other intellectual property rights, including all applications and registrations with respect thereto, and all data, information
(including Confidential Information), reports and any and all related documentation. Neither Party will, as a result of this Agreement,
acquire any right, title or interest in to any Intellectual Property owned or controlled by the other Party or the other Party’s
Affiliates prior to the Effective Date (including Intellectual Property owned or controlled by the other Party or the other Party’s
Affiliates prior to the Original Effective Date) or developed independently of this Agreement and the Original Agreement (“Background
Intellectual Property”), or, except for the limited licenses expressly granted under this Agreement, any license or right
to use any Intellectual Property owned or controlled by the other Party or the other Party’s Affiliates. For the avoidance
of doubt, Iovance is not granted any rights, licenses, or sublicenses to any cell lines, plasmids, or other products or processes
that are licensed by Company that may be used in Services; provided, that, Company shall not use any such cell lines, plasmids,
or other products or processes that are licensed by Company in the performance of the Services without first obtaining the prior
written consent of Iovance. As between the Parties, Iovance shall own all Iovance Confidential Information and Company shall own
all Company Confidential Information.

 

    	 	31	 

     

    

 

13.2     New
Iovance Intellectual Property and Assignment.

 

13.2.1       Iovance
shall own all right, title, and interest in and to any and all Intellectual Property that Company or its Representatives develops,
conceives, invents, first reduces to practice or makes, solely or jointly with Iovance or others, that is a development, improvement,
modification, addition, adaptation, enhancement, derivative, variant or progeny resulting from the use of or access to Product,
Process, Iovance Materials, Iovance Confidential Information or Background Intellectual Property of Iovance (collectively, “New
Iovance Intellectual Property”), including any and all moral rights and Intellectual Property rights inherent therein
and appurtenant thereto, including all patent rights, copyrights, trademarks, know-how and trade secrets and the rights to apply
for the same. Company further acknowledges and agrees that all original works of authorship that are made by Company (solely or
jointly with others) in the performance of a Statement of Work (a “Work”) and that are protectable by copyright
are “works made for hire,” as that term is defined in the United States Copyright Act. However, to the extent that
any Work may not, by operation of any Laws, be a work made for hire, Company hereby assigns, transfers and conveys to Iovance all
of Company’s worldwide right, title and interest in and to such Work, including all Intellectual Property rights relating
thereto. For avoidance of doubt, “New Iovance Intellectual Property” shall include any material (including biological
material), processes or other items that embody, or that are claimed or covered by, any of the foregoing Intellectual Property.
Notwithstanding the foregoing, Iovance agrees that New Iovance Intellectual Property does not include Company Background Intellectual
Property or improvements thereto that are developed by Company through the performance of the Services, provided, that such improvements
(i) are made without the benefit of Iovance Intellectual Property, Iovance Materials and/or Iovance Confidential Information, and
(ii) could have been developed without performance of the Services (i.e., in the event that unique aspects of the Services and/or
Iovance Intellectual Property, Iovance Materials or Iovance Confidential Information were not a “but for” cause of
such improvement) (“Improvements”).

 

13.2.2       Company
hereby assigns and shall assign to Iovance all of its right, title and interest in and to any New Iovance Intellectual Property.
Company shall promptly disclose to Iovance in writing all New Iovance Intellectual Property. Company shall execute, and shall require
its Representatives, to execute, any documents reasonably required to confirm Iovance’s ownership of the New Iovance Intellectual
Property, and any documents required to apply for, maintain and enforce any patent or other right in the New Iovance Intellectual
Property. In the event that Iovance requires an appointment as an agent or attorney in fact, and cannot reasonably obtain such
appointment from Company for any reason other than Company’s reasonable dispute regarding the claims associated with such
New Iovance Intellectual Property infringe Company Background Intellectual Property or Improvements, Company hereby irrevocably
designates and appoints Iovance and its duly authorized officers and agents as Company’s agent and attorney in fact, to act
for and in Company’s behalf and stead to execute and file and prosecute any such applications for United States or foreign
patents, trademarks, copyrights or other registration covering New Iovance Intellectual Property or Works assigned to Iovance hereunder,
and to do all other lawfully permitted acts to further the prosecution, issuance, enforcement and defense of patents, trademarks,
copyrights or other registrations thereon with the same legal force and effect as if executed by Company.

 

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13.2.3       Each
Party confirms and shall ensure that its Representatives are subject to and bound by the same assignment obligations of the Parties
under this Section 13.2.

 

13.3     License.
Company hereby grants to Iovance a non-exclusive, world-wide, fully paid-up, irrevocable, transferable license, including the right
to grant sublicenses under, in and to Company Background Intellectual Property and Improvements to the extent such Background Intellectual
Property or Improvements are embedded in any deliverable provided hereunder or used in the manufacturing of Product for which there
is no reasonable substitute available to Iovance, to develop, conduct clinical trials for, formulate, manufacture, test, label,
package, seek Regulatory Approval for, market, commercialize, make, have made, use, sell and import Product.

 

13.4     Prosecution,
Maintenance and Enforcement of Patents. Iovance will have the sole right and discretion to file, prosecute, maintain and enforce
patent applications and patents claiming New Iovance Intellectual Property at Iovance’s expense. Company will cooperate with
Iovance in Iovance’s activities to file, prosecute and maintain patent applications and patents claiming New Iovance Intellectual
Property, and will, upon Iovance’s request, review and provide comments to Iovance relating to such patent applications and
patents.

 

13.5     Nonassertion.
Except to the extent required to protect Company Background Intellectual Property or Improvements rights, and without limiting
Section 13.3, Company and its Affiliates hereby covenant and agree not to, alone or in cooperation with any Third Party, sue or
bring any cause of action against Iovance, its Representatives, suppliers, distributors, salespersons, customers, licensees or
end-users for any patent infringement based on any development, manufacturing or commercialization activities relating to the Product,
the Process or Iovance’s Background Intellectual Property conducted by Iovance and any Third Party for Iovance. This covenant
will run with and attach to any and all patent rights owned or controlled, in whole or in part, by Company and shall be binding
upon any assignee or sublicensee of any Intellectual Property from Company.

 

13.6     Other
Covenants. Company agrees that (a) it will not publish or publicly present the results of any data or other information generated
from the activities hereunder that includes or consists of Iovance Confidential Information, Iovance Materials or Iovance Intellectual
Property without Iovance’s prior written consent, and (b) it will at no time file or have filed any patent application or
initiate any procedure purporting to obtain any legal rights covering any discovery or inventions that would infringe New Iovance
Intellectual Property, or that it first develops, conceives, invents, reduces to practice or makes while using Iovance Confidential
Information or Iovance Materials, without Iovance’s prior written consent.

 

		14.	REPRESENTATIONS AND WARRANTIES

 

14.1     By
Iovance. Iovance hereby represents, warrants and covenants to Company that:

 

14.1.1       it
is a corporation duly organized and validly existing under the laws of its jurisdiction of incorporation or organization;

 

14.1.2       the
execution, delivery, and performance of this Agreement by Iovance has been duly authorized by all requisite corporate action and
does not require any shareholder action or approval;

 

    	 	33	 

     

    

 

14.1.3       it
has the power and authority to execute and deliver this Agreement and all Statements of Work and to perform its obligations hereunder
and thereunder; and

 

14.1.4       the
execution, delivery, and performance by Iovance of this Agreement, its compliance with the provisions of this Agreement does not
and shall not conflict with or result in a breach of any of the terms and provisions of or constitute a default under (a) any other
agreement to which it is a party; (b) its certificate of incorporation or bylaws; or (c) any order, writ, injunction, or decree
of any governmental authority entered against it or by which any of its property is bound.

 

14.2     By
Company. Company hereby represents, warrants and covenants to Iovance that:

 

14.2.1       it
is a corporation or entity duly organized and validly existing under the laws of its jurisdiction of incorporation or organization;

 

14.2.2       the
execution, delivery, and performance of this Agreement by Company have been duly authorized by all requisite corporate action and
do not require any shareholder action or approval;

 

14.2.3       it
has the power and authority to execute and deliver this Agreement and to perform its obligations hereunder;

 

14.2.4       the
execution, delivery, and performance by Company of this Agreement and its compliance with the provisions of this Agreement does
not and shall not conflict with or result in a breach of any of the terms and provisions of or constitute a default under (a) any
other agreement to which it is a party; (b) the provisions of its charter or organizational documents or bylaws; or (c) any order,
writ, injunction, or decree of any governmental authority entered against it or by which any of its property is bound;

 

14.2.5       the
Product released to Iovance conforms to the Specifications, has been and shall be the subject of Services performed in accordance
with this Agreement, the applicable Statement of Work, the Quality Agreement, unless otherwise waived in writing by Iovance, and
all Laws; and is and will be free and clear of all liens and encumbrances;

 

14.2.6       the
operation of the Facility(ies) are and will continue to be in compliance with all Laws (including the receipt and possession of
all applicable licenses, permits, registrations and authorizations);

 

14.2.7       it
has maintained and will continue to maintain, in accordance with and for the period required under this Agreement, the applicable
Statement of Work, the Quality Agreement, and all Laws, complete and adequate records pertaining to the Services, Products, methods
and the Facility(ies) used in the performance of this Agreement;

 

14.2.8       it,
and its Representatives providing Services under this Agreement, are not, have not, and will not be, at the time of performance
of any of the Services hereunder, charged, named in an action, found liable, or convicted for conduct relating to the development
or approval of, or otherwise relating to the regulation of, any health care product under any Law. In the event that the foregoing
should occur or should Company receive notification of any investigation, threat, pending, current, or future proceeding, or notice
of the foregoing, Company shall immediately notify Iovance;

 

    	 	34	 

     

    

 

14.2.9       save
for security interests expressly given in favor of Iovance, it will have good and marketable title, free and clear of any pledge,
lien, restriction, claim, charge, security interest and/or other encumbrance, to all Product to be delivered hereunder;

 

14.2.10       it, and its Representatives,
is and are not and will not be, at the time of performance of any Services hereunder, disqualified, excluded or debarred by any
regulatory agency or other governmental authority for any purpose pursuant to Law. Debarment, disqualification, and exclusion shall
include, but shall not be limited to, FDA debarment, temporary denial, and suspension pursuant to 21 C.F.R. § 335a, FDA investigator
disqualification or restriction pursuant to 21 U.S.C. §§ 312.70, 511.1(c), or 812.119, exclusion from participation in
federal or state healthcare programs, and debarment, suspension, or ineligibility to participate in federal procurement and non-procurement
programs. Prior to employing or otherwise engaging any individual or entity in connection to the Services, Company agrees to review
all applicable public lists to ensure that such individuals or entities are not disqualified, excluded, or debarred and agrees
not to employ or otherwise engage any individual or entity who is presently or has ever been disqualified, excluded or debarred.
In the event that the foregoing should occur or should Company receive notification of any investigation, threat, pending, current,
or future proceeding, or notice of the foregoing, Company shall immediately notify Iovance;

 

14.2.11       it will conduct the Services
in compliance with all Laws, including those dealing with occupational safety and health, those dealing with public safety and
health, those dealing with patient privacy, those dealing with protecting the environment, and those dealing with disposal of wastes;

 

14.2.12       any processes or materials
used by Company in the Services or otherwise used in the manufacturing of Product (other than the Process) do not infringe any
Intellectual Property rights of any Third Party;

 

14.2.13       it will not enter into any
agreement or arrangement with any party which will hinder it or prevent it from performing its obligations under this Agreement;

 

14.2.14       each of its Representatives
is subject to a written agreement that assigns to Company all Intellectual Property made by such individual in the course of his
or her employment with Company or the performance of activities hereunder, and Company will not use any of its Representatives
in the performance of its obligations hereunder, including the performance of any Services or Statement of Work, that are not each
subject to such written obligations; and

 

14.2.15       it shall comply with all rules
and obligations vis-à-vis employees and self-employed consultants (if any), and, as set out by all Laws, collective and
individual agreements, including (a) payment of salaries, social security charges, insurances and withholding taxes on the income
received by the workers involved in the performance of this Agreement, as well as (b) any other obligations deriving from the employment
agreement and/or self-employment agreement, including provisions protection of the personnel, safety and physical integrity, in
full compliance with all Laws and the individual and collective agreements. Company expressly undertakes to perform this Agreement
using only personnel duly employed or otherwise engaged in accordance with all Laws.

 

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		15.	DISCLAIMER; LIMITATION OF LIABILITY

 

15.1     Disclaimer.
EXCEPT AS EXPRESSLY SET FORTH WITHIN THIS AGREEMENT, A STATEMENT OF WORK OR THE QUALITY AGREEMENT AND TO THE EXTENT PERMITTED BY
LAW, NEITHER PARTY MAKES ANY EXPRESS OR IMPLIED WARRANTIES RELATING TO THE SERVICES OR OTHER ACTIVITIES HEREUNDER, INCLUDING WARRANTIES
OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT.

 

15.2     Limitation
of Liability. Under no circumstances shall EITHER Party be liable to the other PARTY
for indirect, MULTIPLE, special, consequential, LIQUIDATED, OR PUNITIVE DAMAGES, INCLUDING lost profits, OR lost revenue AND
THE TOTAL LIABILITY OF EITHER PARTY AND ITS REPRESENTATIVES TO THE OTHER PARTY AND ANYONE CLAIMING BY OR THROUGH THE OTHER PARTY,
FOR ANY AND ALL CLAIMS, LOSSES, COSTS OR DAMAGES, INCLUDING ATTORNEYS’ FEES AND COSTS AND EXPERT-WITNESS FEES AND COSTS OF
ANY NATURE WHATSOEVER OR CLAIMS EXPENSES RESULTING FROM OR IN ANY WAY RELATED TO AN APPLICABLE STATEMENT OF WORK FROM ANY CAUSE
OR CAUSES SHALL NOT EXCEED, ON A CLAIM-BY-CLAIM BASIS, THE FEES PAID OR OWED FOR THE [***] OF THE SERVICES GIVING RISE TO
SUCH LIABILITY UNDER [***] STATEMENT OF WORK (WITH [***] UNDERSTOOD TO MEAN A GIVEN [***] AS OPPOSED TO A
[***] OF A [***] (E.G., IN THE CONTEXT OF A [***], A [***] WOULD BE [***], RATHER THAN A [***]
IN THE [***] RELATED TO SUCH [***])). the foregoing limitations of liability
shall not apply to a Party’s (a) breach of its obligations pursuant to Article 12 (CONFIDENTIALITY) or Article 13
(INTELLECTUAL PROPERTY), (b) GROSS NEGLIGENCE or willful misconduct hereunder, (c) obligations pursuant to Section 17.1 or Section
17.2 (INDEMNIFICATION), or (D) FRAUD.

 

15.3     Further
Limitation. Whereas there are inherent risks of microorganism contamination of Product resulting from the open process steps
associated with Patient Tumor acquisition and the Process as of the Original Effective Date, Iovance agrees that notwithstanding
anything to the contrary in this Agreement, for so long as the Process has such open process steps, Company shall not be liable
for any damages of any kind whatsoever, including Losses where such damages or Losses arise or result from the contamination of
Product by microorganisms, including viruses. This limitation shall not apply if the contamination was caused by the negligence,
willful misconduct or breach of this Agreement by Company.

 

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		16.	TERM AND TERMINATION

 

16.1     Term.
The term of this Agreement shall be deemed to have commenced on the Original Effective Date and shall expire on the third (3rd)
anniversary of the Original Effective Date, unless earlier terminated in accordance with this Agreement (the “Term”);
provided, that the Term may be extended upon the mutual written consent of the Parties.

 

16.2     Termination
for Material Breach. Either Party may terminate this Agreement, by written notice to the other Party, for any material breach
of this Agreement by the other Party, if such breach is not cured within thirty (30) days after the breaching Party receives written
notice of such breach from the non-breaching Party; provided, however, that if such breach (other than a breach for non-payment)
is not capable of being cured within such thirty (30) -day period and the breaching Party has commenced and diligently continued
actions to cure such breach within such thirty (30)-day period, the cure period may be extended, with the written consent of the
non-breaching Party, to ninety (90) days, so long as the breaching Party is making diligent efforts to cure such breach. Such termination
shall be effective upon expiration of such cure period. In the event of termination by Iovance under this Section 16.2, any termination
fees in the applicable Statements of Work will not apply.

 

16.3     Termination
of Clinical Trials; Frustration of Purpose. Iovance may immediately terminate a Statement of Work or the manufacturing of a
lot under a given Statement of Work upon written notice to Company if (a) any clinical trial for which Product is being produced
hereunder has been or will be terminated, or (b) the purpose of such Statement of Work or manufacturing such lot becomes fundamentally
frustrated (e.g., TILs cannot be harvested from the applicable patient, the patient can no longer use the Product, or TILs are
not being produced in sufficient quantities for use in a patient or the FDA requires that the production of Product must be terminated).

 

16.4     Termination
by Iovance or Company. Iovance may terminate this Agreement or any Statement of Work by providing written notice of termination
not less than thirty (30) days in advance of the date of termination. Company may terminate this Agreement by providing written
notice of termination not less than one hundred eighty (180) days in advance of the date of termination; provided, that, this Agreement
shall remain in full force and effect with respect to any Statements of Work outstanding at the time that such termination becomes
effective. For the avoidance of doubt, in the event of termination by Iovance under this Section 16.4, Iovance shall, at minimum,
remain liable for all fees owed by Iovance or earned by Company pursuant to any outstanding Statement of Work, including in the
case of termination by Iovance under Sections 16.3, or 16.4 or termination by Company under Section 16.5 any termination fees agreed
to by the parties in such Statement of Work.

 

16.5     Termination
or Insolvency. Either Party may terminate this Agreement upon notice to the other Party, upon (a) the dissolution, termination
of existence, liquidation or business failure of the other Party; (b) the appointment of a custodian or receiver for the other
Party who has not been terminated or dismissed within thirty (30) days of such appointment; or (c) the institution by the other
Party of any proceeding under national, federal or state bankruptcy, reorganization, receivership or other similar laws affecting
the rights of creditors generally or the making by such Party of a composition or any assignment for the benefit of creditors under
any national, federal or state bankruptcy, reorganization, receivership or other similar law affecting the rights of creditors
generally, which proceeding is not dismissed within thirty (30) days of filing. All rights and licenses granted pursuant to this
Agreement are, and shall otherwise be deemed to be, for purposes of Section 365(n) of Title 11 of the United States Code,
licenses of rights of “intellectual property” as defined therein.

 

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16.6     Effects
of Termination.

 

16.6.1       Accrued
Rights. Termination or expiration of this Agreement or any Statement of Work for any reason will be without prejudice to any
rights that will have accrued to the benefit of a Party prior to such termination or expiration. Such termination or expiration
will not relieve a Party of obligations that are expressly indicated to or which by their nature should survive the termination
or expiration of this Agreement.

 

16.6.2       Disposition
of Remaining Confidential Information. Upon termination or expiration of a Statement of Work or this Agreement, Company will
cease use of and store any property (including Intellectual Property) of Iovance in its possession and, at Iovance’s option
(and subject to the terms of Article 8), return or destroy any Iovance Confidential Information and, except as provided in Section
16.6.3, any other Iovance property in its possession or control. Notwithstanding the foregoing provisions, each Party may retain
in its secure archival files a single copy of the other Party’s Confidential Information for documentation purposes only
and which shall remain subject to the obligations of nonuse and confidentiality set forth in this Agreement.

 

16.6.3       Purchased
Equipment. Upon termination or expiration of a Statement of Work or this Agreement, Company will, if so requested by Iovance,
pack and ship at Company’s expense any Purchased Equipment related to the Statement of Work, or, in the case of termination
or expiration of this Agreement, any Purchased Equipment generally, to a destination or destinations designated by Iovance. Company
shall insure that any Purchased Equipment so returned to Iovance is in its original condition but for reasonable wear and tear
of the Purchased Equipment contemplated by this Agreement.

 

16.6.4       Survival.
The provisions of this Agreement that by their nature should survive the termination or expiration of this Agreement, including
Articles 8, 12, 13, 15, 17 and 18, and Sections 5.4, 6.4 and 16.6 of this Agreement, together with any appendices referenced
therein.

 

		17.	INDEMNIFICATION

 

17.1     Indemnification
of Iovance. Company will indemnify Iovance and its Affiliates and subcontractors, and their respective directors, officers,
employees and agents (the “Iovance Parties”), and defend and hold each of them harmless, from and against all
claims, lawsuits or other action or threat by a Third Party, including any and all losses, damages, liabilities, costs and expenses
(including reasonable attorneys’ fees and expenses) incurred in the defense or settlement thereof or in damages awarded therein
(collectively, “Losses”) to the extent such Losses arise out of or result from: (a) any material breach by Company
(or any Company Parties) of this Agreement or the Original Agreement, or (b) the negligence or willful misconduct of any Company
Parties in the performance of this Agreement or the Original Agreement. Company’s obligation to indemnify Iovance shall be
reduced to the extent that any Losses are caused by the negligence, willful misconduct, breach of this Agreement or the Original
Agreement, or fraud of Iovance.

 

    	 	38	 

     

    

 

17.2     Indemnification
of Company. Iovance will indemnify Company and its Affiliates and subcontractors, and their respective directors, officers,
employees and agents (the “Company Parties”), and defend and hold each of them harmless, from and against any
and all Losses to the extent such Losses arise out of or result from: (a) any material breach by Iovance of this Agreement or the
Original Agreement, (b) the research, development, distribution, use, sales or other disposition by or on behalf of Iovance of
the Product, or (c) the negligence or willful misconduct of any Iovance Parties in the performance of this Agreement or the Original
Agreement. Iovance’s obligation to indemnify Company shall be reduced to the extent that any Losses are caused by the negligence,
willful misconduct, breach of this Agreement or the Original Agreement, or fraud of Company.

 

17.3     Limitation.
The obligation of Company under Section 17.1 and Iovance under Section 17.2 is limited to [***] dollars ($[***])
per indemnifiable claim, except that this limitation will not apply with respect to any such claim arising out of or relating to
fraud, gross negligence or willful misconduct by the Indemnitor. For the avoidance of doubt, this limitation will not apply with
respect to any Loss relating to personal injury or death arising out of or relating to fraud, gross negligence, willful misconduct
or breach of this Agreement or the Original Agreement.

 

17.4     Indemnification
Procedure.

 

17.4.1       An
“Indemnitor” means the indemnifying Party. An “Indemnitee” means the indemnified Party, its
Affiliates and subcontractors, and their respective directors, officers, employees and agents, who shall be represented through
the Party to this Agreement with whom they are associated.

 

17.4.2       An
Indemnitee which intends to claim indemnification under Section 17.1 or Section 17.2 hereof shall promptly notify the
Indemnitor in writing of any claim, lawsuit or other action in respect of which the Indemnitee, its Affiliates, or any of their
respective directors, officers, employees and agents intend to claim such indemnification. The Indemnitee shall permit, and shall
cause its Affiliates and subcontractors and their respective directors, officers, employees and agents to permit, the Indemnitor,
at its discretion, to settle any such claim, lawsuit or other action and agrees to the complete control of such defense or settlement
by the Indemnitor; provided, however, that in order for the Indemnitor to exercise such rights, such settlement shall not adversely
affect the Indemnitee’s rights under this Agreement or impose any obligations on the Indemnitee in addition to those set
forth in this Agreement. No such claim, lawsuit or other action shall be settled without the prior written consent of the Indemnitor
and the Indemnitor shall not be responsible for any legal fees or other costs incurred other than as provided herein. The Indemnitee,
its Affiliates and subcontractors and their respective directors, officers, employees and agents shall cooperate fully with the
Indemnitor and its legal representatives in the investigation and defense of any claim, lawsuit or other action covered by this
indemnification, all at the reasonable expense of the Indemnitor. The Indemnitee shall have the right, but not the obligation,
to be represented by counsel of its own selection and expense. It is understood that only Company or Iovance may claim indemnity
under this Article 17 (on its own behalf or on behalf of its indemnitees), and other Indemnitees may not directly claim indemnity
hereunder.

 

    	 	39	 

     

    

 

17.4.3       Exclusivity.
The rights and remedies set forth in this Section 17 constitute the exclusive rights and remedies of the Parties in respect of
the matters indemnified under Section 17.1 and 17.2.

 

17.5     Insurance.
Iovance will maintain, at all times during the Term and for five (5) years thereafter, a products liability insurance policy (the
“Insurance Policy”), with a per occurrence limit of at least two million dollars ($2,000,000) and an aggregate
limit of at least five million dollars ($5,000,000). Likewise, Company will maintain, at all times during the Term and for at least
five (5) years thereafter, commercial general liability insurance including contractual liability coverage and product liability
coverage, with a per occurrence limit of at least two million dollars ($2,000,000) and an aggregate limit of at least five million
dollars ($5,000,000). In addition, Company will, and has a contractual responsibility to, maintain, at all times during the Term
insurance of a type and in an amount necessary to fully cover the loss of all Purchased Equipment on Company premises or under
Company’s control and will arrange for Iovance to be named as loss payee on all such insurance. Upon Iovance’s request,
Company shall furnish to Iovance certificates that all insurance required under this Agreement. Any failure by Company to provide
such certifications shall be deemed a material breach of this Agreement. Company shall provide thirty (30) days’ prior written
notice of all cancellation, non-renewal or material changes in such policy(ies); provided, that, for clarity, at all times Company
must comply with the insurance minimums set forth above.

 

		18.	MISCELLANEOUS

 

18.1     Independent
Contractors. Each of the Parties is an independent contractor and nothing herein contained shall be deemed to constitute the
relationship of partners, joint venturers, nor of principal and agent between the Parties. Neither Party shall at any time enter
into, incur, or hold itself out to Third Parties as having authority to enter into or incur, on behalf of the other Party, any
commitment, expense, or liability whatsoever.

 

18.2     Force
Majeure. Neither Party shall be in breach of this Agreement if and to the extent there is any failure of performance under
this Agreement occasioned by an act of God, fire, flood, act of government or state, war, civil commotion, insurrection, acts of
terrorism, embargo, sabotage, prevention from or hindrance in obtaining energy or other utilities, or any other similar reason
beyond the control and without the fault or negligence of the Party affected thereby (a “Force Majeure Event”).
Such excuse shall continue as long as the Force Majeure Event continues to affect performance. Upon cessation of such Force Majeure
Event, the affected Party shall promptly resume performance under this Agreement as soon as it is commercially reasonable for the
Party to do so. Each Party agrees to give the other Party prompt written notice of the occurrence of any Force Majeure Event, the
nature thereof, and the extent to which the affected Party will be unable to fully perform its obligations under this Agreement.
Each Party further agrees to use commercially reasonable efforts to correct the Force Majeure Event as quickly as practicable (provided
that in no event shall a Party be required to settle any labor dispute) and to give the other Party prompt written notice when
it is again fully able to perform such obligations. This Section shall be without prejudice to Iovance’s termination rights
under Article 16.

 

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18.3     Condemnation.
If the Facility(ies) are, or any individual Facility is, condemned or taken as a result of the exercise of the power of eminent
domain or will be conveyed to a governmental agency having power of eminent domain under the threat of the exercise of such power
(any of the foregoing, a “Condemnation”), then this Agreement will terminate as of the date on which title to
the Facility(ies) vests in the authority so exercising or threatening to exercise such power and Iovance will not have any right
to the Condemnation proceeds. This Section shall be without prejudice to Iovance’s termination rights under Article 16.

 

18.4     Notices.
Any notice required or permitted to be given under this Agreement by any Party shall be in writing and shall be (a) delivered personally,
(b) sent by registered mail, return receipt requested, postage prepaid, (c) sent by a nationally-recognized courier service guaranteeing
next-day or second day delivery, charges prepaid, or (d) delivered by facsimile (with documented evidence of transmission), to
the addresses or facsimile numbers of the other Party set forth below, with an electronic copy of the notice sent to the email
address provided, or at such other addresses as may from time to time be furnished by similar notice by any Party. The effective
date of any notice under this Agreement shall be the date of receipt by the receiving Party.

 

If to Company:

 

WuXi AppTec, Inc.

Attention: Alan Moore

4751 League Island Blvd.

Philadelphia, PA 19112

 

With a copy to “Vice President, Manufacturing”
at the above address.

 

If to Iovance:

 

Iovance Biotherapeutics, Inc.

Attention: Richard Gaeto

999 Skyway Road, Suite 150

San Carlos, CA 94070

 

With a copy to:

 

Iovance Biotherapeutics, Inc.

Attention: Legal Department

999 Skyway Road, Suite 150

San Carlos, CA 94070

With an electronic copy to: 

legal@iovance.com

 

Either Party may change its address for notice by
giving notice thereof in the manner set forth in this Section 18.4.

 

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18.5     Entire
Agreement, Amendments, Initial Agreement.

 

18.5.1       This
Agreement, including the Quality Agreement and the Statements of Work and Change Orders entered into by the Parties from time to
time and the Appendices attached hereto or thereto and referenced herein or therein, constitutes the full understanding of the
Parties, a complete and fully integrated agreement and a complete and exclusive statement of the terms of their agreement with
respect to the specific subject matter hereof and supersedes all prior agreements and understandings, oral and written, among the
Parties with respect to the subject matter hereof (including the Original Agreement). No terms, conditions, understandings or agreements
purporting to amend, modify or vary the terms of this Agreement (including any Appendix hereto) shall be binding unless hereafter
made in a written instrument referencing this Agreement and signed by each of the Parties.

 

18.5.2       The
Parties were previously parties to that certain Cell Therapy Development, Manufacturing and/or Tissue Processing Terms and Conditions
with an effective date of September 25, 2015 (the “Initial Agreement”), which predates this Agreement and the
Original Agreement, and under such Initial Agreement the Parties have executed several work orders, including WO A-4, executed
September 6, 2016 (“WO A-4”). The Parties desire that the Original Agreement, as amended and restated by this
Agreement, govern WO A-4. The Parties acknowledge and agree that this Section 18.5.2 constitutes an amendment to WO A-4 under Section
14 of the Initial Agreement. In furtherance thereof, from and after the Original Effective Date, the Original Agreement, as amended
and restated by this Agreement, shall solely govern the performance of WO A-4. Accordingly, references to Statements of Work herein
shall also be deemed to refer to WO A-4.

 

18.6     Governing
Law. This Agreement and any disputes hereunder will be governed by and construed in accordance with the laws of the State of
New York, without giving effect to its conflicts of laws provisions. The United Nations Convention on Contracts for the International
Sale of Goods will not apply to this Agreement. This provision shall operate without prejudice to either Party’s ability
to seek injunctive or other interlocutory relief in any court accepting jurisdiction in order to protect and enforce its Intellectual
Property rights.

 

18.7     Equitable
Relief. The Parties agree that the obligations contained in Articles 12 and 13 are necessary and reasonable in order to
protect the Parties’ respective businesses. The Parties further agree that monetary damages may be inadequate to compensate
a Party for any breach by the other Party of its covenants and agreements with respect to Articles 12 and 13, and that each
Party shall be entitled to seek injunctive or other equitable relief against the threatened or continued breach of those provisions,
and agree that no bond or other security shall be required in obtaining such equitable relief. Furthermore, except as expressly
set forth in this Agreement, none of the remedies set forth in this Agreement are intended to be exclusive, and each Party shall
have available to it all remedies available under law or in equity.

 

18.8     Counterparts.
This Agreement and any amendment hereto may be executed in any number of counterparts, each of which shall for all purposes be
deemed an original and all of which shall constitute the same instrument. This Agreement shall be effective upon full execution
by facsimile, PDF or original, and a facsimile or scanned signature shall be deemed to be and shall be as effective as an original
signature. Signature pages may be exchanged via email.

 

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18.9     Severability.
As a fully integrated agreement, each right or obligation of each Party to this Agreement is fully dependent on the Party retaining
all of its other rights and performing all of its other obligations under this Agreement. Nevertheless, if any part of this Agreement
shall be found to be invalid or unenforceable under Law in any jurisdiction, such part shall be ineffective only to the extent
of such invalidity or unenforceability in such jurisdiction, without in any way affecting the remaining parts of this Agreement
in that jurisdiction or the validity or enforceability of this Agreement as a whole in any other jurisdiction. In addition, the
part that is ineffective shall be reformed in a mutually agreeable manner so as to as nearly approximate the intent of the Parties
as possible.

 

18.10   Titles
and Subtitles. All headings, titles and subtitles used in this Agreement (including any Appendix hereto) are for convenience
only and are not to be considered when construing or interpreting any term or provision of this Agreement (or any Appendix hereto).

 

18.11   Recitals,
Definitions and Appendices. All “RECITALS”, “DEFINITIONS” and Appendices referred to herein form an
integral part of this Agreement and are incorporated into this Agreement by such reference.

 

18.12   Interpretation
and Construction.

 

18.12.1       Where
the context requires, (i) all pronouns used herein will be deemed to refer to the masculine, feminine or neuter gender as the context
requires and (ii) the singular context will include the plural and vice versa.

 

18.12.2       The
words “include”, “includes” and “including” (and words of similar meaning) shall be deemed
to be followed by the phrase “without limitation”.

 

18.12.3       For
purposes of interpretation of this Agreement, the following shall apply:

 

		(a)	“Personal Information” shall be understood to include personal data.

 

		(b)	With respect to the Use of Personal Information, “Use” shall be understood to include the processing of Personal
Information.

 

		(c)	“patients” shall be understood to be synonymous with study subjects.

 

		(d)	“regulatory agency” shall be understood to be synonymous with regulatory authority.

 

    	 	43	 

     

    

 

18.13   Assignment,
Third Party Beneficiaries. This Agreement shall be binding upon the successors and assigns of the Parties and the name of a
Party appearing herein shall be deemed to include the names of its successors and assigns. Company may not assign its interest
under this Agreement (including the Quality Agreement) without the prior written consent of Iovance, such consent not to be unreasonably
withheld. Notwithstanding the above, Iovance may, without Company’s prior consent, assign this Agreement, in whole or in
part, to Iovance’s Affiliates or to any entity that may acquire substantially all of the assets of Iovance to which this
Agreement relates. This Agreement shall be binding upon, and inure to the benefits of, the Parties hereto and their respective
successors and assigns. Any permitted assignment of this Agreement by either Party will be conditioned upon that Party’s
permitted assignee agreeing in writing to comply with all the terms and conditions contained in this Agreement, the Statements
of Work, the Quality Agreement and all Laws. No assignment shall relieve any Party of responsibility for the performance of any
obligation that accrued prior to the effective date of such assignment. None of the provisions of this Agreement shall be for the
benefit of or enforceable by any Third Party, including any creditor of either Party hereto. No such Third Party shall obtain any
right under any provision of this Agreement or shall by reasons of any such provision make any claim in respect of any debt, liability
or obligation (or otherwise) against either Party hereto.

 

18.14    Waiver.
The failure of any Party at any time or times to require performance of any provision of this Agreement (including any Appendix
hereto) will in no manner affect its rights at a later time to enforce the same. No waiver by any Party of any term, provision
or condition contained in this Agreement (including any Appendix hereto), whether by conduct or otherwise, in any one or more instances,
shall be deemed to be or construed as a further or continuing waiver of any such term, provision or condition or of any other term,
provision or condition of this Agreement (including any Appendix hereto).

 

18.15   Dispute
Resolution, Arbitration.

 

18.15.1       If
the JSC is unable to resolve a dispute pursuant to Section 3.3.3, despite each Party’s good faith efforts, either Party may
refer the dispute to the President of each Party’s respective business unit (or other designee), who will attempt to resolve
such dispute by negotiation and consultation for a thirty (30) day period following receipt of such written notice.

 

18.15.2       In
the event that no agreement is reached by the Presidents (or other designees) with respect to such dispute within thirty (30) days
after its referral to them, either Party may refer the matter to binding arbitration pursuant to Section 18.15.3.

 

18.15.3       In
the event Presidents (or other designees) have not resolved a dispute referred to them pursuant to Section 18.15.2 within thirty
(30) days of receipt of the written notice referring such dispute to the Presidents (or other designees), either Party may at any
time after such thirty (30) day period submit such dispute to be finally settled by arbitration administered in accordance with
the procedural rules of the American Arbitration Association (the “AAA”) in effect at the time of submission,
as modified by this Section 18.15.3. The arbitration will be governed by the Laws of the State of New York. The arbitration will
be heard and determined by three arbitrators who are retired judges or attorneys with at least twenty (20) years of relevant experience
in the pharmaceutical and biotechnology industry, each of whom will be impartial and independent and will not have worked for or
on behalf of either Party for at least five (5) years. Each Party will appoint one (1) arbitrator and the third arbitrator will
be selected by the two (2) Party-appointed arbitrators, or, failing agreement within thirty (30) days following appointment of
the second arbitrator, by the AAA. Such arbitration will take place in New York, New York. The arbitration award so given will,
absent manifest error, be a final and binding determination of the applicable dispute, will be fully enforceable in any court of
competent jurisdiction, and will not include any damages expressly prohibited by Section 15.2. Each Party will pay the fees, costs
and expenses for the arbitrator it chooses, and the Parties will share payment for the third arbitrator. Except in a proceeding
to enforce the results of the arbitration or as otherwise required by Law or securities exchange, neither Party nor any arbitrator
may disclose the existence, content or results of any arbitration hereunder without the prior written consent of both Parties.

 

    	 	44	 

     

    

 

18.15.4       Nothing
in this Agreement will prevent either Party from exercising any right under this Agreement, including the right of termination,
or require either Party to forego or delay any proceeding to seek equitable or injunctive relief to stop or prevent any breach
of this Agreement if that Party reasonably believes that it would be irreparably harmed by any delay in seeking such relief.

 

18.16   No
Presumption against Drafter. For purposes of this Agreement, each Party hereby waives any rule of construction that requires
that ambiguities in this Agreement (including any Appendix hereto) be construed against the drafter.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    	 	45	 

     

    

 

IN WITNESS WHEREOF, the Parties have executed this Agreement
as of the Effective Date.

 

	IOVANCE BIOTHERAPEUTICS, Inc.	 	WUXI Apptec, inc.
	 	 	 
	 	 	 
	Name:	 	Name:
	 	 	 
	Title:	 	Title:

 

     

     

    

 

Appendix
A

 

Statements of Work

 

     

     

    

 

Appendix
B

 

Iovance MaterialsExhibit 10.32

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

THIS EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”)
dated August 7, 2016 by and between Lion Biotechnologies, Inc., a Nevada corporation (the “Company”), and Frederick
Vogt (“Executive”) (either party individually, a “Party”; collectively, the “Parties”).

 

WHEREAS the Company desires to retain the services
of Executive to serve as the Company's Vice President, Intellectual Property.

 

WHEREAS, the Parties desire to enter into this
Agreement to set forth the terms and conditions of Executive's employment by the Company and to address certain matters related
to Executive's employment with the Company;

 

WHEREAS, both the Company and the Executive
have read and understood the terms and provisions set forth in this Agreement, and Executive acknowledges Executive has been afforded
a reasonable opportunity to review this Agreement with Executive's legal counsel to the extent desired;

 

NOW, THEREFORE, in consideration of the foregoing
and the mutual provisions contained herein, and for other good and valuable consideration, the Parties hereto agree as follows:

 

1.            Employment.
Effective September 30, 2016 (the “Effective Date”), the Company hereby employs Executive, and Executive hereby accepts
such employment, upon the terms and conditions set forth herein.

 

2.            Duties.

 

2.1         Position.
Executive shall be employed by the Company in the position of Vice President, Intellectual Property shall have the duties and responsibilities
consistent with the position of Vice President, Intellectual Property and such other duties and responsibilities assigned by the
Company's Chief Executive Officer. Executive shall perform faithfully and diligently such duties as are reasonable and customary
for Executive's position, as well as such other duties as the Chief Executive Officer shall reasonably assign from time to time.
Executive shall provide his services hereunder from his home office, with travel to the Company's offices in New York City and
other offices as required by Company business.

 

2.2         Best
Efforts/Full-Time.

 

2.2(a)        Executive
understands and agrees that Executive will faithfully devote Executive's best efforts and substantially all of his time during
normal business hours to advance the interests of the Company. Executive will abide by all policies duly adopted by the Company,
as well as all applicable federal, state and local laws, regulations or ordinances. Executive will act in a manner that Executive
reasonably believes to be in the best interest of the Company at all times. Executive further understands and agrees that Executive
has a fiduciary duty of loyalty to the Company to the extent provided by applicable law and that Executive will take no action
which materially harms the business, business interests, or reputation of the Company.

 

2.2(b)        Executive
agrees that Executive will not directly engage in competition with the Company at any time during the existence of the employment
relationship between the Company and Executive.

 

2.2(c)        Executive
agrees that, during the term of this Agreement, Executive shall work exclusively for the Company. Consequently, Executive agrees
to not engage in any other employment, consulting or other business activity without the written consent of the Company.

 

3.            At-Will
Employment. Executive's employment with the Company will be “at-will” and will not be for any specific period of
time. As a result, Executive is free to resign at any time, for any or no reason, as Executive deems appropriate. The Company will
have a similar right and may terminate Executive's employment at any time, with or without cause. Executive's and the Company's
respective rights and obligations at the time of termination are outlined below in Section 6 of this Agreement.

 

    	 	1	 

     

    

 

4.            Compensation.

 

4.1         Base
Salary and Sign-On Bonus. As compensation for the performance of all duties to be performed by Executive hereunder, the Company
shall pay to Executive a base salary of $300,000 per year, less required deductions for state and federal withholding tax, social
security and all other employment taxes and authorized payroll deductions, payable on a prorated basis as it is earned, in accordance
with the normal payroll practices of the Company (the “Base Salary”). As a sign-on bonus, Executive will be
paid $50,000 (subject to payroll taxes) with the first paycheck.

 

4.2         Stock
Options. As of the Effective Date, Executive shall receive stock options to purchase an aggregate of 200,000 shares of the
Company's common stock. To the extent legally permitted, the stock options shall be incentive stock options. The stock options
will have an exercise price equal to the fair market value of the common stock at the close of trading on NASDAQ on the Effective
Date. Provided that Executive is still employed with the Company on the following dates, the foregoing stock options will vest
in three installments as follows: (i) Options for the purchase of 66,672 shares shall vest on one year anniversary of the Effective
Date; and (ii) the remaining stock options shall vest as to 16,672 shares at the end of each quarter over the next two years, commencing
with the first quarter following the first anniversary of the Effective Date. Upon the termination of Executive's employment
with the Company, except as provided herein, the unvested options will be forfeited and returned to the Company. In addition to
the foregoing grant of options, Executive shall also be entitled to receive stock option grants under the Company's stock option
plan commencing one year after the Effective Date in such amounts and upon such terms as shall be determined by the Board of Directors,
in its sole discretion.

 

4.3         Incentive
Compensation. Executive will be eligible to participate in the Company's annual incentive compensation program (“Incentive
Plan”) applicable to executive employees, as approved by the Board (the year in which the program is implemented, the
“Plan Year”). The target potential amount payable to Executive under the Incentive Plan, if earned, shall be
30% of Executive's Base Salary earned during the applicable calendar year. Compensation under the Incentive Plan (“Incentive
Compensation”) will be conditioned on the satisfaction of individual and Company objectives, as established in writing
by the Company, and the condition that Executive is employed by Company on the Incentive Compensation payment date, which shall
be on or before March 15th of the year following the Plan Year. The payment of any Incentive Compensation pursuant to this Section
4.3 shall be made in accordance with the normal payroll practices of the Company, less required deductions for state and federal
withholding tax, social security and all other employment taxes and authorized payroll deductions.

 

4.4         Performance
Review. The Company will periodically review Executive's performance on no less than an annual basis and may increase (but
not decrease) Executive's salary or other compensation, as it deems appropriate in its sole and absolute discretion.

 

4.5         Customary
Fringe Benefits. Executive understands and agrees that certain employee benefits may be provided to the Executive by the Company
incident to the Executive's employment. Executive will be eligible for all customary and usual fringe benefits generally available
to executive employees and all other employees of the Company subject to the terms and conditions of the Company's benefit plan
documents. Executive understands and agrees that any employee benefits provided to the Executive by the Company incident to the
Executive's employment (other than Base Salary, Incentive Compensation and any applicable Severance Payment) are provided solely
at the discretion of the Company and may be modified, suspended or revoked at any time, without notice or the consent of the Executive,
unless otherwise provided by law. Moreover, to the extent that these benefits are provided pursuant to policies or plan documents
adopted by the Company, Executive acknowledges and agrees that these benefits shall be governed by the applicable employment policies
or plan documents. The benefits to be provided to Executive shall include group health insurances and participation in a 401 (k)
plan. Executive will be eligible to receive paid time off benefits in the form of vacation, sick and holidays.

 

4.6         Business
Expenses. Executive will be reimbursed for all reasonable, out-of-pocket business expenses incurred in the performance of Executive's
duties on behalf of the Company, including travel-related expenses. To obtain reimbursement, expenses must be submitted promptly
with appropriate supporting documentation in accordance with the Company's policies.

 

    	 	2	 

     

    

 

5.            Confidentiality
and Proprietary Agreement. Executive agrees to abide by the Company's Employee Proprietary Information and Inventions Agreement
(the “Non-Disclosure Agreement”), which Executive has signed and is incorporated herein by reference.

 

6.            Termination
of Executive’s Employment.

 

6.1         Termination
for Cause by the Company. The Company may terminate Executive’s employment immediately at any time and without notice
for “Cause.” For purposes of this Agreement, "Cause" shall mean (i) a material breach by Executive of this
Agreement or the Non-Disclosure Agreement; (ii) the death of Executive or his disability resulting in his inability to perform
his reasonable duties assigned hereunder for a period of 180 days; (iii) Executive's theft, dishonesty, or falsification of any
Company documents or records; (iv) Executive's improper use or disclosure of the Company's confidential or proprietary information;
or (v) Executive's conviction (including any plea of guilty or nolo contendere) of any criminal act which impairs Executive's ability
to perform his duties hereunder or which in the Board's judgment may materially damage the business or reputation of the Company;
provided, however, that prior to termination for cause arising under clause (i), Executive shall have a period of ten days after
written notice from the Company to cure the event or grounds constituting such cause. Any notice of termination provided by Company
to Executive under this Section 6.1 shall identify the events or conduct constituting the grounds for termination with sufficient
specificity so as to enable Executive to take steps to cure, if curable, the same if such default is a material breach by Executive
of this Agreement of the Non-Disclosure Agreement. In the event Executive's employment is terminated in accordance with this subsection
6.1, Executive shall be entitled to receive only the Base Salary and any earned Incentive Compensation (as defined in Section 4.3
above) then in effect, prorated to the date of termination. All other obligations of the Company to Executive pursuant to this
Agreement will be automatically terminated and completely extinguished.

 

6.2         Termination
Without Cause By The Company/Separation Package. The Company may terminate Executive’s employment under this Agreement
without Cause (as defined in Section 6.1 above) at any time on thirty (30) days’ advance written notice to Executive. In
the event of such termination, Executive will receive Executive’s Base Salary through the date of termination and a prorated
portion of any Incentive Compensation that was earned under Section 4.3 through the date of termination. Upon such termination
without Cause, any then unvested stock options granted to Executive by the Company will become fully vested and Executive shall
have six months from the date of termination within which to exercise his vested options. In addition, upon a termination of Executive’s
employment by the Company without Cause, Executive will be eligible to receive a “Severance Payment” equivalent
to six months of Executive’s then Base Salary, payable in full within thirty (30) days after termination, provided that Executive
first satisfies the Severance Conditions. For purposes of this Agreement, the “Severance Conditions” are defined
as (1) Executive’s execution and non- revocation of a full general release, in the form attached hereto as Exhibit A, and
such release has become effective in accordance with its terms prior to the 30th day following the termination date; and (2) Executive’s
reaffirmation of Executive’s commitment to comply, and actual compliance, with all surviving provisions of this Agreement.
Following payment of the Severance Payment, Base Salary, any Incentive Compensation and any benefits required to be paid in accordance
with applicable benefit plans through the date of termination, all other obligations of the Company to Executive pursuant to this
Agreement will be automatically terminated and completely extinguished.

 

6.3         Termination
Upon a Change of Control. For purposes of this Agreement, “Change of Control” shall mean: (1) a merger or
consolidation or the sale or exchange by the stockholders of the Company of capital stock of the Company, where the stockholders
of the Company immediately before such transaction do not obtain or retain, directly or indirectly, at least a majority of the
beneficial interest in the voting stock or other voting equity of the surviving or acquiring corporation or other surviving or
acquiring entity, in substantially the same proportion as before such transaction; (2) any transaction or series of related transactions
to which the Company is a party in which in excess of fifty percent (50%) of the Company's voting power is transferred; or (3)
the sale or exchange of all or substantially all of the Company's assets (other than a sale or transfer to a subsidiary of the
Company as defined in section 424(f) of the Internal Revenue Code of 1986, as amended (the “Code”)), where
the stockholders of the Company immediately before such sale or exchange do not obtain or retain, directly or indirectly, at least
a majority of the beneficial interest in the voting stock or other voting equity of the corporation or other entity acquiring the
Company's assets, in substantially the same proportion as before such transaction; provided, however, that a Change
of Control shall not be deemed to have occurred pursuant to any transaction or series of transactions relating to a public or private
financing or re-financing, the principal purpose of which is to raise money for the Company's working capital or capital expenditures
and which does not result in a change in a majority of the members of the Board. If, within six (6) months immediately preceding
a Change of Control or within twelve (12) months immediately following a Change of Control, the Executive's employment is terminated
by the Company for any reason other than Cause, then the Executive shall be entitled to receive the Severance Payment and stock
option vesting and exercisability set forth in Section 6.2, provided that Executive first satisfies the Severance Conditions. Following
payment of the Severance Payment, Base Salary, any Incentive Compensation and any benefits required to be paid in accordance with
applicable benefit plans through the date of termination, all other obligations of the Company to Executive pursuant to this Agreement
will be automatically terminated and completely extinguished.

 

    	 	3	 

     

    

 

6.4         Resignation.
Executive shall have the right to terminate this Agreement at any time, for any reason, by providing the Company with thirty (30)
days written notice, provided, however, that subsequent to Executive's resignation, Executive shall be required to comply with
all surviving provisions of this Agreement. Executive shall not be entitled to any Severance Pay. Executive will only be entitled
to receive Executive's Base Salary earned up to the date of termination. Notwithstanding the foregoing, Executive has the right
upon thirty (30) days written notice to the Company to terminate Executive's employment for "Good Reason" due to occurrence
of any of the following: (i) a material adverse change in Executive's title, duties or responsibilities; (ii) any failure by the
Company to pay, or any reduction by Company of, the base salary or any failure by Company to pay any Incentive Compensation to
which Executive is entitled pursuant to Section 4; (iii) the Company creates a work environment designed to constructively terminate
Executive or to unlawfully harass or retaliate against Executive; (iv) a Change of Control occurs in which the Company is not the
surviving entity and the surviving entity fails to offer Executive an executive position at a compensation level at least equal
to Executive's then compensation level under this Agreement; or (v) the Company's requirement that Executive report for work at
a location more than forty-five (45) miles from his home without the written consent of Executive to such relocation. In the event
that Executive terminates his employment for Good Reason, then Executive shall be entitled to receive the Base Salary, any earned
Incentive Compensation, Severance Payment and stock option vesting and exercisability as if Executive were terminated by the Company
without Cause under Section 6.2, subject to Executive's compliance with all of the Severance Conditions.

 

6.5         Application
of Section 409A.

 

6.5(a)        Notwithstanding
anything set forth in this Agreement to the contrary, no amount payable pursuant to this Agreement which constitutes a “deferral
of compensation” within the meaning of the Treasury Regulations issued pursuant to Section 409A of the Code (the “Section
409A Regulations”) shall be paid unless and until Executive has incurred a “separation from service” within
the meaning of the Section 409A Regulations.

 

6.5(b)        Company
intends that income provided to Executive pursuant to this Agreement will not be subject to taxation under Section 409A of the
Code. The provisions of this Agreement shall be interpreted and construed in favor of satisfying any applicable requirements of
Section 409A of the Code. However, Company does not guarantee any particular tax effect for income provided to Executive pursuant
to this Agreement. In any event, except for Company's responsibility to withhold applicable income and employment taxes from
compensation paid or provided to Executive, Company shall not be responsible for the payment of any applicable taxes on compensation
paid or provided to Executive pursuant to this Agreement.

 

6.5(c)        Furthermore,
to the extent that Executive is a “specified employee” within the meaning of the Section 409A Regulations as of the
date of Executive’s separation from service, no amount that constitutes a deferral of compensation which is payable on account
of Executive's separation from service shall be paid to Executive before the date (the “Delayed Payment Date”)
which is first day of the seventh month after the date of Executive's separation from service or, if earlier, the date of Executive's
death following such separation from service. All such amounts that would, but for this Section, become payable prior to the Delayed
Payment Date will be accumulated and paid on the Delayed Payment Date.

 

    	 	4	 

     

    

 

6.5(d)        Notwithstanding
anything herein to the contrary, the reimbursement of expenses or in-kind benefits provided pursuant to this Agreement shall be
subject to the following conditions: (i) the expenses eligible for reimbursement or in-kind benefits in one taxable year shall
not affect the expenses eligible for reimbursement or in-kind benefits in any other taxable year; (ii) the reimbursement of eligible
expenses or in-kind benefits shall be made promptly, subject to Company's applicable policies, but in no event later than the end
of the year after the year in which such expense was incurred; and (iii) the right to reimbursement or in-kind benefits shall not
be subject to liquidation or exchange for another benefit.

 

6.5(e)          
For purposes of Section 409A of the Code, the right to a series of installment payments under this Agreement shall be treated as
a right to a series of separate payments.

 

7.            General
Provisions.

 

7.1         Successors
and Assigns. The rights and obligations of the Company under this Agreement shall inure to the benefit of and shall be binding
upon the successors and assigns of the Company. Executive shall not be entitled to assign any of Executive’s rights or obligations
under this Agreement.

 

7.2         Waiver.
Either party's failure to enforce any provision of this Agreement shall not in any way be construed as a waiver of any such provision,
or prevent that party thereafter from enforcing each and every other provision of this Agreement.

 

7.3         Attorney’s
Fees. In the event of any dispute or claim relating to or arising out of Executive’s employment relationship with Company,
this Agreement, or the termination of Executive’s employment with Company for any reason, the prevailing party in any such
dispute or claim shall be entitled to recover its reasonable attorney’s fees and costs.

 

7.4         Severability.
In the event any provision of this Agreement is found to be unenforceable by an arbitrator or court of competent jurisdiction,
such provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being
intended that the parties shall receive the benefit contemplated herein to the fullest extent permitted by law. If a deemed modification
is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be deemed deleted, and the validity
and enforceability of the remaining provisions shall not be affected thereby.

 

7.5         Interpretation;
Construction. The headings set forth in this Agreement are for convenience only and shall not be used in interpreting this
Agreement. Executive has participated in the negotiation of the terms of this Agreement. Furthermore, Executive acknowledges that
Executive has had an opportunity to review and revise the Agreement and have it reviewed by legal counsel, if desired, and, therefore,
the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed
in the interpretation of this Agreement.

 

7.6         Governing
Law. This Agreement will be governed by and construed in accordance with the laws of the United States and the internal laws
of the State of California.

 

7.7         Notices.
Any notice required or permitted by this Agreement shall be in writing and shall be delivered as follows with notice deemed given
as indicated: (a) by personal delivery when delivered personally; (b) by overnight courier upon written verification of receipt;
(c) by telecopy, facsimile transmission, or electronic transmission such as e-mail, upon acknowledgment of receipt of electronic
transmission; or (d) by certified or registered mail, return receipt requested, upon verification of receipt. Notice shall be sent
to the addresses set forth below each party’s signature, or such other address as either party may specify in writing.

 

7.8         Entire
Agreement. This Agreement constitutes the entire agreement between the Parties relating to this subject matter and supersedes
all prior or simultaneous representations, discussions, negotiations, and agreements, whether written or oral. This Agreement may
be amended or modified only with the written consent of Executive and the Company. No oral waiver, amendment or modification will
be effective under any circumstances whatsoever.

 

    	 	5	 

     

    

 

[Execution Page Follows]

 

    	 	6	 

     

    

 

THE PARTIES TO THIS AGREEMENT HAVE READ THE
FOREGOING AGREEMENT AND FULLY UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS AGREEMENT
ON THE DATES SHOWN BELOW.

 

	 	EXECUTIVE:
	 	 
	 	/s/ Frederick G. Vogt
	 	Frederick Vogt
	 	West Norriton, PA
	 	 
	 	COMPANY:
	 	 
	 	Lion Biotechnologies, Inc.
	 	 
	 	By:
	 	/s/ Maria Fardis
	 	 
	 	Maria Fardis
	 	President & Chief Executive Officer
	 	112 W. 34th Street 17th Floor
	 	New York, NY 10120

 

    	 	7	 

     

    

 

Exhibit A

Form of Release and Waiver of Claims

 

In consideration for the severance payments
and other benefits provided for in the Executive Employment Agreement, effective as of September 30, 2016 (the “Employment
Agreement”), I, Frederick Vogt hereby furnish Lion Biotechnologies, Inc., a Nevada corporation (the “Company”)
with the following release and waiver (the “Release and Waiver”).

 

In exchange for the consideration provided
to me by the Employment Agreement, I hereby generally and completely release the Company and its officers, directors, employees,
agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates, and assigns from any and all
claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct,
or omissions occurring prior to my signing this Release and Waiver. This general release includes, but is not limited to: (1) all
claims arising out of or in any way related to my employment with the Company or the termination of that employment; (2) all claims
related to my compensation or benefits from the Company, including, but not limited to, salary, bonuses, commissions, vacation
pay, expense reimbursements, severance pay, fringe benefits, stock, stock options, or any other ownership interests in the Company;
(3) all claims for breach of contract, wrongful termination, and breach of the implied covenant of good faith and fair dealing;
(4) all tort claims, including, but not limited to, claims for fraud, defamation, emotional distress, and discharge in violation
of public policy; and (5) all federal, state, and local statutory claims, including, but not limited to, claims for discrimination,
harassment, retaliation, attorneys’ fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended),
the federal Americans with Disabilities Act of 1990, and the federal Age Discrimination in Employment Act of 1967 (as amended)
(“ADEA”).

 

I acknowledge that, among other rights, I am
waiving and releasing any rights I may have under ADEA and that this Release and Waiver is knowing and voluntary. I further acknowledge
that I have been advised, as required by the Older Workers Benefit Protection Act, that: (a) the release and waiver granted herein
does not relate to claims under the ADEA which may arise after this Release and Waiver is executed; (b) I should consult with an
attorney prior to executing this Release and Waiver; (c) I have 21 days in which to consider this Release and Waiver (although
I may choose voluntarily to execute this Release and Waiver earlier); (d) I have seven days following the execution of this Release
and Waiver to revoke my consent to this Release and Waiver; and (e) this Release and Waiver shall not be effective until the eighth
day after I execute this Release and Waiver and the revocation period has expired. Notwithstanding the foregoing, nothing contained
in this Release and Waiver shall waive, release or otherwise diminish any claims that I might have at law or in equity for payment
of severance or other benefits to which I am entitled under the terms of the Employment Agreement.

 

I acknowledge my continuing obligations under
my Employee Proprietary Information and Inventions Agreement between myself and the Company (the “Confidentiality Agreement”).
I understand and agree that my right to the severance pay I am receiving is in exchange for my agreement to the terms of this Release
and Waiver and is contingent upon my continued compliance with my Confidentiality Agreement.

    	 	8	 

     

    

This Release and Waiver, including the Confidentiality
Agreement, and the Employment Agreement constitute the complete, final and exclusive embodiment of the entire agreement between
the Company and me with regard to the subject matter hereof. I am not relying on any promise or representation by the Company that
is not expressly stated herein. This Release and Waiver may only be modified by a writing signed by both me and a duly authorized
officer of the Company.

 

	 	 
	Frederick Vogt	 
	 	 
	Dated: ____________	 

 

    	 	9

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