Creator Revenue. Reciprocally, Angel hereby licenses back to You the right to utilize clips from the Content for exploitation on your social media channels and You have agreed to pay Us a share of all net revenues You may derive from exploitation of your Content on social media after the deduction of any Permitted Distribution & Marketing Expenses (not including creation costs of the Content itself) in a percentage share equal to the aggregate Net Revenue Share otherwise payable to Us pursuant to 4.a.(iii) above. Your Marketing Expenses will also be subject to the same 25% cap of the amount of such revenues. For the avoidance of doubt, Xxxxx shall own all social channels it creates and manages for the Content.
Creator Revenue. Users must submit payments for the Creator Content through the Platform. Users pay using tokens purchased through the Platform. Users can use tokens to purchase Creator Content; subscribe to the Creator Profile; tip the Creator; and any other content or features that the Creator makes available for purchase. Unless otherwise stated on the Platform, the Creator is solely responsible for setting prices for the Creator Content and any the Creator Offerings. Unless stated otherwise in writing, the Creator will receive 85% of the Net Revenue from the Creator Content and the Creator Offerings during this agreement (the “Creator Revenue”); the Company will retain the remaining 15% as a platform lease fee (the “Pla√orm Lease Fee”). “Net Revenue” means gross revenue actually received from users and any other third parties for the Creator Content and the Creator Offerings during this agreement, including tips, less transactional costs, chargebacks, and refunds and excluding any taxes (including VAT). “Transactional costs” are amounts paid by the Company to third parties to facilitate a transaction and may include payment-processing fees, foreign exchange fees, and platform fees (e.g., for transactions occurring through third-party stores or systems).
