The Rising Influence of Rising Affluence

[DewDiligence]

Clarification re DD/MON settlement: $1.75B represents the minimum amount of cumulative royalties DD will pay MON; however; the portion of the royalty stream in 2018 and beyond is calculated on a per-unit basis with a floor. In all likelihood, DD’s sales of the products in question will exceed the numbers of units implicit in the minimum-royalty schedule, and hence MON’s cumulative royalties under this agreement will likely exceed $1.75B.