RE:RE:Cubeler contract on sedar 3.1 Royalties Fees. In consideration of the license granted under Section 2 above, Licensee shall pay to Licensor royalties (“Royalties”) in the amount of ten percent (10%) of the first ten million dollars ($10,000,000.00) of Gross Revenues, eight percent (8%) on the following fifteen million dollars ($15,000,000.00) of Gross Revenues, and five percent (5%) on all Gross Revenues after that.
$100M in revenues cost $5.95M
$200M in revenues cost $10.95M
$300M in revenues cost $15.95M