definiens: means ( i ) during the five year period after the Regulatory Approval of the Royalty - Bearing Product, [ * ] and ( ii ) thereafter, [ * ] during the period after the fifth year after Regulatory Approval of such Royalty - Bearing Product [ * ] ( 2 ) [ * ] and ( 3 ) [ * ] ( b ) Royalties For Product Sold in Japan . For Collaboration Compounds, that are independently developed underSection 12.1 as Royalty - Bearing Products in Japan, the royalty to be paid on Net Sales is ( i ) A rate of [ * ] if either ( A ) the compound in question has entered the Preclinical Development Period prior to [ * ] or ( B ) such compound is not in the Preclinical Development Period prior to [ * ] but [ * ] and ( ii ) A rate of [ * ] in all other cases, depending on the stage of development, such rate to be negotiated in good faith