This agreement is effective upon acceptance by AdventureMaker.com
of the request made on http://www.adventuremaker.com/getcubicpanorama.php.
1. Grant
AdventureMaker.com hereby grants to The User a non-exclusive
non-transferable worldwide license to make and sell products (the
Products) that utilize
The Plugin.
2. Royalties
The User agrees to pay AdventureMaker.com a royalty
on all the sold copies of the said Products that utilize The Plugin,
except the first 100 copies sold, which are exempt from royalties
(sales of multiple versions of the same Product are counted together).
The User agrees to pay AdventureMaker.com royalties
equal to five percent (5%) of The User's Revenues, where "Revenue"
shall mean the gross amount actually received by or accrued to The
User from the sale of the said Products, less sales taxes and customs
duties and refunds for returns actually paid by The User from such
amounts and bad debt written off as uncollectable (unless later collected).
Any accrued royalties above the $50 dollars (USD)
owed to AdventureMaker.com by The User will be paid on a quarterly
basis, within one month following the close of each calendar quarter.
The first quarter begins January 1 and ends March 31. The second quarter
begins April 1 and ends June 30. The third quarter begins July 1 and
ends September 30. The fourth quarter begins October 1 and ends December
31.
A statement showing the basis on which the payment
was calculated shall accompany each payment. If no payment is due
to AdventureMaker.com, but more than 100 copies of a Product have
been sold since the release of the Product, a statement will still
be sent quarterly indicating the number of units sold and at what
selling price.
If necessary, AdventureMaker.com and its representatives
shall have the right to have The User’s books and records audited
by an independent certified public accountant to verify the accuracy
of the royalty payments.
3. Termination
A. The User shall have the right to terminate this
license agreement at any time by a 30-day written notice.
B. AdventureMaker.com shall have the right to terminate
this agreement if any of the conditions of this contract are violated,
or upon 30-day written notice if The User fails to pay royalties as
required in Paragraph 2, provided that such termination notice be
ineffective if such payment failure is cured during the 30-day notice
period.
C. Upon termination of this agreement by AdventureMaker.com,
for the above mentioned payment failure reason only, The User shall
continue to have the right to sell any Product existing in inventory
at the time of termination and royalties then in effect shall be paid
to AdventureMaker.com on any such post-termination sales. Products
existing in inventory at the time of termination must be sold within
two months of the date of termination.
4. Entire Agreement
This agreement represents the entire understanding
between the parties relating to the Plugin and the Products, and supercedes
any previous written or oral understanding. This agreement may be
revised only upon execution by both parties of a written amendment
to this agreement.
5. Limitation of Warranties and Liability
THE PLUGIN IS PROVIDED "AS-IS" AND WITHOUT
WARRANTY OF ANY KIND, EXPRESSED, IMPLIED OR OTHERWISE, INCLUDING AND
WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR
A PARTICULAR PURPOSE. ADVENTUREMAKER.COM IS UNDER NO OBLIGATION TO
MAINTAIN, CORRECT, UPDATE OR CHANGE THE PLUGIN. ADVENTUREMAKER.COM
MAKES NO REPRESENTATIONS OR WARRANTIES RELATING TO AND EXPRESSLY DISCLAIMS
ALL LIABILITY FOR ANY INFRINGEMENT OF PATENTS, COPYRIGHTS OR OTHER
INTELLECTUAL PROPERTY RIGHT OF ANY PARTY WHICH MAY ARISE THROUGH THE
USE OF THE PLUGIN. IN NO EVENT SHALL ADVENTUREMAKER.COM BE LIABLE
FOR ANY SPECIAL, INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES WHATSOEVER
(INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFITS, BUSINESS
INTERRUPTION, LOSS OF INFORMATION, OR ANY OTHER LOSS), WHETHER OR
NOT ADVISED OF THE POSSIBILITY OF DAMAGE, AND ON ANY THEORY OF LIABILITY,
ARISING OUT OF, OR IN CONNECTION WITH, THE USE OR INABILITY TO USE
THE PLUGIN.