9.1.7 Royalties, computed on Net Sales for the Product per FP Dose, on a country per country basis in the Territory where the Product is sold and on a quarterly basis, considering the Price of the Product in the relevant country and the relevant quarter, as follows:
(i) If the Price of the Product is equal to or higher than EUR 30,000, the royalty rate shall amount to 18%;
(ii) If the Price of the Product is lower than EUR 30,000 but equal to or higher than EUR 28,000, the royalty rate shall amount to 16%;
(iii) If the Price of the Product is lower than EUR 28,000 but equal to or higher than EUR 26,000, the royalty rate shall amount to 14%;
(iv) If the Price of the Product is lower than EUR 26,000 but equal to or higher than EUR 24,000, the royalty rate shall amount to 12%;
(v) If the Price of the Product is lower than EUR 24,000 but equal to or higher than EUR 20,000, the royalty rate shall amount to 10%; and
(vi) If the Price of the Product is lower than EUR 20,000, the JSC shall decide on the applicable royalty rate (which the parties confirm cannot be null).
In the event aggregate Net Sales over a given Year exceed EUR 500,000,000, each percentage of royalties set out above shall be increased by 2% for the sales of the Year concerned.
In order to enable Licensor to prepare proper invoices for the above royalties, Licensee shall issue, within ten (10) Business Days after the end of each quarter, an overview of Net Sales on a country by country basis.
For countries not applying the euro currency, the converted equivalent of the EUR amounts of the Prices set out in Clause 9.1.7(i) through 9.1.7(vi) will be applied, based on the exchange rate that applies at the time of the decision of the competent Payer.
Any payment of royalties mentioned above shall be made by Licensee within thirty (30) days of receipt of a proper invoice.
9.1.8 Sales milestones, payable once after first occurrence, if aggregate Net Sales over one (1) given Year reach the following amounts:
(i) If Net Sales reach EUR 150,000,000, a payment of EUR 15,000,000;
(ii) If Net Sales reach EUR 250,000,000, a payment of EUR 25,000,000;
(iii) If Net Sales reach EUR 400,000,000, a payment of EUR 40,000,000;
(iv) If Net Sales reach EUR 650,000,000, a payment of EUR 65,000,000;
(v) If Net Sales reach EUR 800,000,000, a payment of EUR 80,000,000; and
(vi) If Net Sales reach EUR 1,000,000,000, a payment of EUR 100,000,000.
Any payment of sales milestones mentioned above shall be made by Licensee within thirty (30) days of receipt of a proper invoice following the occurrence of the relevant sales milestones achieved.
De rest is ook interessant, maar dat moet je zelf maar even lezen op voornoemde url.
En voor het geval het nu nog niet duidelijk was: die IPO op de NASDAQ, die komt er.