Common use of Annual Subscription License Clause in Contracts

Annual Subscription License. a) The Annual Subscription License gives You the right to use the Axis Technology during the Subscription Period. The “Subscription Period” is the twelve-month period starting on the Activation Date or any subsequent twelve-month renewal period. The license key which is issued and provided to You by Your Axis Partner must be redeemed in the AXIS License Manager with thirty (30) days from the Activation Date. If the license key is not redeemed within said period, then the Usage Rights will automatically terminate. On or before each anniversary of the Activation Date, You must renew the licenses if You wish to continue using the Axis Technology for another Subscription Period. b) The Annual Subscription License model includes a Growth Allowance. During a Subscription Period, the Customer may use the Growth Allowance to increase the number of Axis Products using the Axis Technology without paying for additional licenses during that Subscription Period. On each anniversary of the Activation Date (“Renewal Date”) the previous year’s Entitlement and the accumulated annual growth will form the basis for calculating the number of licenses required if the Customer wishes to continue the use of the Axis Technology with the same number of Axis Products for the following Subscription Period. The relevant Axis Technology and the AXIS License Manager will automatically calculate and determine the number of licenses required for renewal. If the Customer chooses not to renew all or part of the licenses, the Customer will not be charged for exceeding the Entitlement within the scope of the Growth Allowance during a Subscription Period. For the avoidance of doubt, if the Customer exceeds the Growth Allowance during a Subscription Period, the Customer must purchase the corresponding number of licenses in order not to be in breach of this Agreement. c) Any additional licenses to Axis Technology purchased during a Subscription Period shall be pro-rated to be coterminous with the expiry period of the Axis Technology purchased on the Activation Date or Renewal Date (as applicable).

Annual Subscription License. a) The Annual Subscription License gives You the right to use the Axis Technology during the Subscription Period. The “Subscription Period” is the twelve-month period starting on the Activation Date or any subsequent twelve-month renewal period. The license key which is issued and provided to You by Your Axis Partner must be redeemed in the AXIS License Manager with within thirty (30) days from the Activation Date. If the license key is not redeemed within said period, then the Usage Rights will automatically terminate. On or before each anniversary of the Activation Date, You must renew the licenses if You wish to continue using the Axis Technology for another Subscription Period. b) The Annual Subscription License model includes a Growth Allowance. During a Subscription Period, the Customer may use the Growth Allowance to increase the number of Axis Products using the Axis Technology without paying for additional licenses during that Subscription Period. On each anniversary of the Activation Date (“Renewal Date”) the previous year’s Entitlement and the accumulated annual growth will form the basis for calculating the number of licenses required if the Customer wishes to continue the use of the Axis Technology with the same number of Axis Products for the following Subscription Period. The relevant Axis Technology and the AXIS License Manager will automatically calculate and determine the number of licenses required for renewal. If the Customer chooses not to renew all or part of the licenses, the Customer will not be charged for exceeding the Entitlement within the scope of the Growth Allowance during a Subscription Period. For the avoidance of doubt, if the Customer exceeds the Growth Allowance during a Subscription Period, the Customer must purchase the corresponding number of licenses in order not to be in breach of this Agreement. c) Any additional licenses to Axis Technology purchased during a Subscription Period shall be pro-rated to be coterminous with the expiry period of the Axis Technology purchased on the Activation Date or Renewal Date (as applicable).