Common use of PAYMENTS BY THE LICENSEE Clause in Contracts

PAYMENTS BY THE LICENSEE. The licensee must pay the licensor a percentage of sales generated from the distribution of systems and equipment, manufactured under the licence agreement: - up to 500 T€ 5% 5% - up to 1000 T€ 4% 4% - > 1,000 T€ 3% 3% The licensee is obligated to keep separate bookkeeping records for shipments, which are subject to royalty payments, including specific information such as delivery date, quantity, buyer and price.

PAYMENTS BY THE LICENSEE. The licensee must pay the licensor a percentage of sales generated from the distribution of systems and equipment, manufactured under the licence agreement: Compensation for Know-How respectively Patent-royalty per unit - up to 500 T€ 5% 5% - up to 1000 T€ 4% 4% - > 1,000 T€ 3% 3% The licensee is obligated to keep separate bookkeeping records for shipments, which are subject to royalty payments, including specific information such as delivery date, quantity, buyer and price.