Common use of Tiered Royalties Clause in Contracts

Tiered Royalties. Lilly shall pay to Xxxxxxxxx royalties on the annual Net Sales of all Products in the Territory in the amounts set forth below (all amounts are in U.S. Dollars). [**] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. The above tiered royalties are calculated such that the higher tiered royalties are only paid after the annual Net Sales exceed the top threshold of the previous tier. Attached as Exhibit F is an example of an annual Product royalty payment calculation.

Tiered Royalties. Lilly shall pay to Xxxxxxxxx royalties on the annual Net Sales of all Products in the Territory in the amounts set forth below (all amounts are in U.S. Dollars). [**] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. The above tiered royalties are calculated such that the higher tiered royalties are only paid after the annual Net Sales exceed the top threshold of the previous tier. Attached as Exhibit F is an example of an annual Product royalty payment calculation.