Common use of Base Royalty Clause in Contracts

Base Royalty. For years 1-4 of this Agreement on the first $32,000,000 of Territory Net Sales: Twelve and One Half Percent (12.5%), provided, however, that should LICENSEE prepay the Secured Limited Recourse Promissory Note between the parties, base royalties on the remaining portion of the first $32,000,000 Territory Net Sales made after such prepayment shall be at sixteen percent (16%).(1)

Base Royalty. For years 17-4 10 of this Agreement on the first $32,000,000 l6,000,000 of Territory Net Sales: Twelve and One Half Percent (12.5%), ; provided, however, that should LICENSEE prepay the Secured Limited Recourse Promissory Note between the parties, base royalties on the remaining portion of the first $32,000,000 16,000,000 of Territory Net Sales made after such prepayment shall be at sixteen nineteen and one half percent (16%).(119.5). 2.

Base Royalty. For years 1-4 year 6 of this Agreement on the first $32,000,000 16,000,000 of Territory Net Sales: Twelve and One Half Percent (12.5%), ; provided, however, that should LICENSEE prepay the Secured Limited Recourse Promissory Note between the parties, base royalties on the remaining portion of the first $32,000,000 * Territory Net Sales made after such prepayment shall be at sixteen percent (16%).(1)*.

Base Royalty. For years 17-4 10 of this Agreement on the first $32,000,000 l6,000,000 of Territory Net Sales: Twelve and One Half Percent (12.5%), ; provided, however, that should LICENSEE prepay the Secured Limited Recourse Promissory Note between the parties, base royalties on the remaining portion of the first $32,000,000 * of Territory Net Sales made after such prepayment shall be at sixteen percent (16%).(1)*.

Base Royalty. For years 1-4 year 5 of this Agreement on the first $32,000,000 20,000,000 of Territory Net Sales: Twelve and One Half Percent (12.5%), ; provided, however, that should LICENSEE prepay the Secured Limited Recourse Promissory Note between the parties, base royalties on the remaining portion of the first $32,000,000 20,000,000 of Territory Net Sales made after such prepayment shall be at sixteen eighteen percent (16%).(118%).

Base Royalty. For years 1-4 year 6 of this Agreement on the first $32,000,000 16,000,000 of Territory Net Sales: Twelve and One Half Percent (12.5%), ; provided, however, that should LICENSEE prepay the Secured Limited Recourse Promissory Note between the parties, base royalties on the remaining portion of the first $32,000,000 16,000,000 Territory Net Sales made after such prepayment shall be at sixteen nineteen and one half percent (16%).(119.5%).

Base Royalty. For years 1-4 of this Agreement on the first $32,000,000 of Territory Net Sales: Twelve and One Half Percent (12.5%), provided, however, that should LICENSEE prepay the Secured Limited Recourse Promissory Note between the parties, base royalties on the remaining portion of the first $32,000,000 Territory Net Sales made after such prepayment shall be at sixteen percent (16%).(1*.(1)

Base Royalty. For years 1-4 year 5 of this Agreement on the first $32,000,000 20,000,000 of Territory Net Sales: Twelve and One Half Percent (12.5%), ; provided, however, that should LICENSEE prepay the Secured Limited Recourse Promissory Note between the parties, base royalties on the remaining portion of the first $32,000,000 * of Territory Net Sales made after such prepayment shall be at sixteen percent (16%).(1)*.