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Submission Agreement and Grant of License

1. Offer of License by Submission

2. Content of Submissions

3. Refusal or Acceptance of License

4. Scope of License

5. Payment of Royalties

(a) Licensed Content in Original Form: seventy percent (70%) of the license fees received from Sub-Licensees for your Photographic Content works thereof licensed as non-Resampled Content to such Sub-Licensees.

(b) Resampled Content I: seventy five percent (75%) of the license fees provided in subsection (a) for Resampled Content cropped, resampled or resized to 50% of the original pixel width and/or height.

(c) Resampled Content II: fifty percent (50%) of the license fees provided in subsection (a) for Resampled Content cropped, resampled or resized to 25% of the original pixel width and/or height.

ImageVortex will pay you upon receipt of a completed on-line payment request form provided your payment request is at least US$100 and your balance is sufficient to cover the requested payment amount. You may request ImageVortex to transfer your funds to your bank account by wire transfer. The fee for the wire transfer will be deducted from the total amount transferred to your bank account. You will be notified about the exact amount of such fee when you request the wire transfer, and the amount of such fee shall not exceed US$20.

6. Rights Of Third Party Intellectual Property Owners

7. Clearances, Indemnification and Warranties

8. Term and Termination

9. Miscellaneous Provisions



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