Common use of Royalty Payments to Prometheus Clause in Contracts

Royalty Payments to Prometheus. In partial consideration of the license rights granted to Exagen hereunder, Exagen shall pay to Prometheus royalties based on Net Sales of Licensed Products by Exagen and its Affiliates and its sublicenses in countries where a Valid Claim of the Patent Rights covering such Licensed Products exists at the royalty rates set forth below: Net Sales Royalty Rate On Annual Net Sales in a calendar year less than [***] [*** ] On Annual Net Sales in a calendar year equal to or greater than [***] and less than [***] [*** ] On Annual Net Sales in an calendar year equal to or greater than [***] [*** ] Subject to the termination provisions of Article 10 of this Agreement, Exagen’s obligation to pay royalties to Prometheus on Licensed Products covered by a Valid Claim of the Patent Rights in each country shall expire on the date when the last patent containing a Valid Claim in such country expires, lapses or is invalidated. 6. Except as expressly amended in this First Amendment, all terms and provisions of the License Agreement shall remain in full force and effect.