Common use of Reports; Payment of Royalty Clause in Contracts

Reports; Payment of Royalty. During the term of this Agreement following the First Commercial Sale of a Royalty Product, Merck shall furnish to NGM a quarterly written report for each Calendar Quarter showing in reasonable detail, on a Royalty Product-by-Royalty Product basis, the Net Sales of all Royalty Products subject to royalty payments sold by Merck and its Related Parties in the Territory during the reporting period and the royalties payable under this Agreement. Reports shall be due on the sixtieth (60th) day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royalty report is due. Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

Reports; Payment of Royalty. During the term of this Agreement following Following the First Commercial Sale of a Royalty ProductBearing Product and during the term of the Agreement, Merck shall furnish to NGM Isis a quarterly written report for each the Calendar Quarter showing in reasonable detail, on a Royalty Product-by-Royalty Product basis, the all Net Sales of all Royalty Bearing Products subject to royalty payments sold by Merck Merck, its Affiliates and its Related Parties sublicensees in the Territory during the reporting period and the royalties payable under this Agreement. Reports shall be due on the sixtieth thirtieth (60th30th) day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royalty report is due. Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.. *CONFIDENTIAL TREATMENT REQUESTED

Reports; Payment of Royalty. During the term of this Agreement following the First Commercial Sale of a Royalty Product, Merck shall furnish to NGM a quarterly written report for each Calendar Quarter showing in reasonable detail, on a Royalty Product-by-Royalty Product basis, the Net Sales of all Royalty Products subject to royalty payments sold by Merck and its Related Parties in the Territory during the reporting period and the royalties payable under this Agreement. Reports shall be due on the sixtieth (60th) [***] day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royalty report is due. Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.. 126

Reports; Payment of Royalty. During the term of this Agreement following the First Commercial Sale of a Royalty Product, Merck MERCK shall furnish to NGM DOV a quarterly written report for each the Calendar Quarter showing in reasonable detail, on a Royalty Product-by-Royalty Product basis, the Net Sales of all Royalty Products subject to royalty payments sold by Merck MERCK and its Related Parties in the Territory during the reporting period and the royalties payable under this Agreement. Reports shall be due on the sixtieth thirtieth (60th30th) day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royalty report is due. Merck MERCK shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined. [LOGO] Restricted Confidential Limited Access *** CONFIDENTIAL TREATMENT HAS BEEN REQUESTED AS TO THIS MATERIAL.