Common use of APPLICABLE ROYALTIES Clause in Contracts

APPLICABLE ROYALTIES. ‌ In exchange for the license granted by the OP3FT to the Operator of the Frogans Core Registry for the technical and commercial operation of the Frogans Core Registry, the Operator undertakes to pay the OP3FT monthly royalties, in euros, equal to the greater of the following: • 15% (fifteen percent) of the total amount in euros, excluding value-added tax (VAT), of the Frogans Core Registry addressing services invoiced, during the month, by the Operator to the FCR Account Administrators, or • 150,000 (one hundred and fifty thousand) euros. Thus, for example, in the absence of Frogans Core Registry addressing services invoiced by the Operator over the course of a month, or if the total amount in euros, excluding VAT, for addressing services invoiced is less than or equal to 1,000,000 (one million) euros during a month, then the total amount of the royalties due to the OP3FT for this month shall be equal to 150,000 (one hundred and fifty thousand) euros. Likewise, if the total amount in euros, excluding VAT, for addressing services invoiced by the Operator is equal to 5,000,000 (five million) euros during a month, then the total amount of the royalties due to the OP3FT for this month shall be equal to 750,000 (seven hundred and fifty thousand) euros. It is expressly agreed between the Parties that the percentage corresponding to the monthly royalties cannot be adjusted downwards, and that the 15% (fifteen percent) percentage is the guaranteed minimum. The Parties agree that the Operator shall pay the OP3FT a fixed amount set at 150,000 (one hundred and fifty thousand) euros on the date of entry into force of the Agreement, and that the monthly royalties shall be due as from the actual commencement of activity of the OP3FT, including the setting-up of its work teams in its premises. During the period preceding the commercialization of the Frogans Core Registry addressing services, which must take place before the end of the year 2012, the monthly royalties shall be 150,000 (one hundred and fifty thousand) euros.

APPLICABLE ROYALTIES. ‌ In exchange for the license granted by the OP3FT to the Operator of the Frogans Core Registry for the technical and commercial operation of the Frogans Core Registry, the Operator undertakes to pay the OP3FT monthly royalties, in euros, equal to the greater of the following: • 15% (fifteen percent) of the total amount in euros, excluding value-added tax (VAT), of the Frogans Core Registry addressing services invoiced, during the month, by the Operator to the FCR Account Administrators, or • 150,000 (one hundred and fifty thousand) euros. Thus, for example, in the absence of Frogans Core Registry addressing services invoiced by the Operator over the course of a month, or if the total amount in euros, excluding VAT, for addressing services invoiced is less than or equal to 1,000,000 (one million) euros during a month, then the total amount of the royalties due to the OP3FT for this month shall be equal to 150,000 (one hundred and fifty thousand) euros. Likewise, if the total amount in euros, excluding VAT, for addressing services invoiced by the Operator is equal to 5,000,000 (five million) euros during a month, then the total amount of the royalties due to the OP3FT for this month shall be equal to 750,000 (seven hundred and fifty thousand) euros. It is expressly agreed between the Parties that the percentage corresponding to the monthly royalties cannot be adjusted downwards, and that the 15% (fifteen percent) percentage is the guaranteed minimum. The Parties agree that the Operator shall pay the OP3FT a fixed amount set at 150,000 (one hundred and fifty thousand) euros on the date of entry into force of the Agreement, and that the monthly royalties shall be due as from the actual commencement of activity of the OP3FT, including the setting-up of its work teams in its premises. During the period preceding the commercialization of the Frogans Core Registry addressing services, which must take place before the end of the year 2012, the monthly royalties shall be 150,000 (one hundred and fifty thousand) euros. The Parties agree that the monthly royalties shall be due from the end date of the transition period defined in Article 7 of this Agreement. The Parties also agree that advance payments made by the Operator to the OP3FT between the day when the Operator was designated by the OP3FT and the end date of the transition period shall be included in a credit note issued by the OP3FT to the Operator. To date, the total amount of advance payments made by the Operator to the OP3FT is equal to 325,000 (three hundred twenty-five thousand) euros. The Operator undertakes to waive the recovery of the takeover amount from the former operator at the end of the transition period. In exchange, the OP3FT shall add the takeover amount to the amount of the credit note issued by the OP3FT to the Operator. To date, the takeover amount is equal to 178,606 (one hundred seventy-eight thousand six hundred six) euros, excluding VAT.

APPLICABLE ROYALTIES. ‌ In exchange for the license granted by the OP3FT to the Operator of the Frogans Core Registry for the technical and commercial operation of the Frogans Core Registry, the Operator undertakes to pay the OP3FT monthly royalties, in euros, equal to the greater of the following: • 15% (fifteen percent) of the total amount in euros, excluding value-added tax (VAT), of the Frogans Core Registry addressing services invoiced, during the month, by the Operator to the FCR Account Administrators, or • 150,000 (one hundred and fifty thousand) euros. Thus, for example, in the absence of Frogans Core Registry addressing services invoiced by the Operator over the course of a month, or if the total amount in euros, excluding VAT, for addressing services invoiced is less than or equal to 1,000,000 (one million) euros during a month, then the total amount of the royalties due to the OP3FT for this month shall be equal to 150,000 (one hundred and fifty thousand) euros. Likewise, if the total amount in euros, excluding VAT, for addressing services invoiced by the Operator is equal to 5,000,000 (five million) euros during a month, then the total amount of the royalties due to the OP3FT for this month shall be equal to 750,000 (seven hundred and fifty thousand) euros. It is expressly agreed between the Parties that the percentage corresponding to the monthly royalties cannot be adjusted downwards, and that the 15% (fifteen percent) percentage is the guaranteed minimum. The Parties agree that the Operator shall pay the OP3FT a fixed amount set at 150,000 (one hundred and fifty thousand) euros on the date of entry into force of the Agreement, and that the monthly royalties shall be due as from the actual commencement of activity end date of the OP3FT, including transition period defined in Article 7 of this Agreement. The Parties also agree that advance payments made by the setting-up of its work teams in its premises. During Operator to the period preceding OP3FT between the commercialization day when the Operator was designated by the OP3FT and the end date of the Frogans Core Registry addressing servicestransition period shall be included in a credit note issued by the OP3FT to the Operator. To date, which must take place before the total amount of advance payments made by the Operator to the OP3FT is equal to 325,000 (three hundred twenty-five thousand) euros. The Operator undertakes to waive the recovery of the takeover amount from the former operator at the end of the year 2012transition period. In exchange, the monthly royalties OP3FT shall be 150,000 add the takeover amount to the amount of the credit note issued by the OP3FT to the Operator. To date, the takeover amount is equal to 178,606 (one hundred and fifty thousandseventy-eight thousand six hundred six) euros, excluding VAT.

APPLICABLE ROYALTIES. ‌ In exchange for the license granted by the OP3FT to the Operator of the Frogans Core Registry for the technical and commercial operation of the Frogans Core Registry, the Operator undertakes to pay the OP3FT monthly royalties, in euros, equal to the greater of the following: • 15% (fifteen percent) of the total amount in euros, excluding value-added tax (VAT), of the Frogans Core Registry addressing services invoiced, during the month, by the Operator to the FCR Account Administrators, or • 150,000 (one hundred and fifty thousand) euros. Thus, for example, in the absence of Frogans Core Registry addressing services invoiced by the Operator over the course of a month, or if the total amount in euros, excluding VAT, for addressing services invoiced is less than or equal to 1,000,000 (one million) euros during a month, then the total amount of the royalties due to the OP3FT for this month shall be equal to 150,000 (one hundred and fifty thousand) euros. Likewise, if the total amount in euros, excluding VAT, for addressing services invoiced by the Operator is equal to 5,000,000 (five million) euros during a month, then the total amount of the royalties due to the OP3FT for this month shall be equal to 750,000 (seven hundred and fifty thousand) euros. It is expressly agreed between the Parties that the percentage corresponding to the monthly royalties cannot be adjusted downwards, and that the 15% (fifteen percent) percentage is the guaranteed minimum. The Parties agree that the Operator shall pay the OP3FT a fixed amount set at 150,000 (one hundred and fifty thousand) euros on the date of entry into force of the Agreement, and that the monthly royalties shall be due as from the actual commencement of activity of the OP3FT, including the setting-up of its work teams in its premises. During the period preceding the commercialization of the Frogans Core Registry addressing services, which must take place before the end of the year 2012, the monthly royalties shall be 150,000 (one hundred and fifty thousand) euros.