Common use of License Fee and Royalty Clause in Contracts

License Fee and Royalty. As consideration for the rights granted hereunder, Licenser acknowledges payment of the license fee of Fifty Thousand Dollars (US$50,000) by Dxxxx Xxxx on behalf of the Licensee for the right to an unlimited number of Licensed Areas as defined in Paragraph 1.(a). Licensee shall pay to Licenser a royalty fee of Five Dollars (US$5.00) per ton of material processed for each Licensed Area. Licensee has the right, at any time this agreement remains in effect, to pay an additional Two Million Dollars (US$2,000,000), at which time the royalty fee will immediately be reduced to Two Dollars and Fifty Cents (US$2.50) per dry ton of material processed for each Licensed Area.

License Fee and Royalty. As consideration for the rights granted hereunder, Licenser acknowledges payment of the license fee of Fifty Thousand Dollars (US$50,000) by Dxxxx Xxxxx Xxxx on behalf of the Licensee for the right to an unlimited number of Licensed Areas as defined in Paragraph 1.(a). Licensee shall pay to Licenser a royalty fee of Five Dollars (US$5.00) per ton of material processed for each Licensed Area. Licensee has the right, at any time this agreement remains in effect, to pay an additional Two Million Dollars (US$2,000,000), at which time the royalty fee will immediately be reduced to Two Dollars and Fifty Cents (US$2.50) per dry ton of material processed for each Licensed Area.