ANNUAL MINIMUM. The annual minimum amount of Royalties owed by the Licensee under subsection 11.4.1, upon commencement of commercial sales, shall be [****] beginning in Year 2022; [****] beginning in year 2025; and [****] beginning in year 2027 throughout the remainder of the term.).
Appears in 1 contract
Samples: Exclusive Patent License Agreement (Oxis International Inc)
ANNUAL MINIMUM. The annual minimum amount of Royalties owed by the Licensee under subsection 11.4.1, upon commencement of commercial sales, shall be [****] $250,000 beginning in Year 2022; [****] $2,000,000 beginning in year 2025; and [****] $5,000,000 beginning in year 2027 throughout the remainder of the term.).
Appears in 1 contract
Samples: Exclusive Patent License Agreement (Oxis International Inc)
ANNUAL MINIMUM. The annual minimum amount of Royalties owed by the Licensee under subsection 11.4.1, upon commencement of commercial sales, shall be [****] ___________beginning in Year 2022; [****] $___________, beginning in year 2025; and [****] ___________beginning in year 2027 throughout the remainder of the term.).
Appears in 1 contract
ANNUAL MINIMUM. The annual minimum amount of Royalties owed by the Licensee under subsection 11.4.1, upon commencement of commercial sales, shall be [****] $250,000 beginning in Year 2022; [****] $2,000,000, beginning in year 2025; and [****] $5,000,000 beginning in year 2027 throughout the remainder of the term.).
Appears in 1 contract
Samples: Exclusive Patent License Agreement (GT Biopharma, Inc.)
